The bulls muster more strength as Divi rises by 19% from September 14 to September 20.
The analysis of last week’s price action shows that the Divi market is in the bullish phase since the price has been moving upward. The situation on the DIVI market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Divi has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the DIVI market didn't exceed 19%, the price action remained limited. The coin was the most volatile on September 14, when the range of its price fluctuations reached 23.84%. 2.24% was the rock bottom for the asset's volatility that was reached on September 18. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The bears were dictating the terms on the Divi market on September 14 - the trading session opened at $0.02. During the opening day on September 14, DIVI has had a 7% move to the upside. On September 15, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. During the following trading period on September 16, the price of Divi oscillated between the low at $0.02 and the high at $0.026, while the price moved up by 24%. On September 18, DIVI market moved by 5% in the bearish direction in concert with the trading volume. The price oscillation of Divi on September 18 was in the $0.02 - $0.02 range; at the same time, the price stretched out to reach the 24H low at $0.024 and the 24H high at $0.025. While the 24H high and low on September 19 were at $0.028 and $0.024, respectively, the crypto coin had been traded in the area between the open at $0.03 and the close at $0.02. September 20 presented us with the following price action data: the coin opened the period at $0.02 and went on to establish the low at $0.024 and the high of the day at $0.025 before closing the day at $0.02. The highest point of the price action over the week was at $0.03 - the weekly low during the same period was established at $0.02. The price action on the weekly time frame made Divi within the 19% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.004.
As for the average trading volume in the time slot between September 14 and September 20, the Divi market registered the change from $476 440 to $192 301. Over the week that came before the analyzed time span, the average trading volume of DIVI ranged between $146 096 and $231 455. The asset demonstrated an 84% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 19%.
The total market capitalization of Divi during the past 7-day oscillated between $61 484 612, the starting point that was established on September 14, and $75 079 651 on September 20, the end date of the reviewed period. The percentage change in the total market capitalization of DIVI amounted to 22%. The 22% change in the coin's market capitalization affected the price rate that saw a 19% shift in the same time period. A more precise analysis of the Divi market also requires a comparison with the change in market capitalization from the week before, which amounted to 16% on the back of the move from $44 153 423 to $51 112 878.