September 1 - September 7 market watch: goes up by 108% as buying pressure persists.

The bullish behavior of last week was characterized by the occurrence of upswings. The price swings of FOREX pointed to the presence of high volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.

During the reported period, has been swinging for the fences, which resulted in an average volatility of 46% for the given period. September 1 was the day when the asset was the most volatile, with the volatility going as high as 46%. The quietest period on the coin's market happened on September 7 as the volatility failed to surpass the 2.24% mark. 46% is too high a volatility for the FOREX market to be considered stable and easily predictable.

During the opening day on September 1, FOREX has had a 3% move to the downside. September 2 saw the coin going another 46% since the open, supported by the corresponding trading volume. The price range of formed between $0.03 and $0.04 on September 3 as the price traveled 31% up. On September 5, FOREX market moved by 13% in the bullish direction in concert with the trading volume. After the open at $0.05, moved during September 5 in the range between the said open and the close at $0.05, having posted the 24H low at $0.05 and the 24H high at $0.06. On September 6, the crypto coin showcased the following price fluctuations: the trading session began at $0.05 and then traveled from the low of the day at $0.05 to the high of the day at $0.06, closing at $0.05. As for the occurrences on September 7, the price of the coin bottomed at $0.04 and peaked at $0.049, while its daily range formed between $0.05 and $0.04. During the reviewed time period, the asset was able to achieve the weekly high at $0.06, though at a certain point, the bear pressurized the price down to the weekly low at $0.02. bounced 108% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.02.

The trading activity on the market over the past week - September 1 to September 7 - generated the average trading volume that went from $22 842 to $109 098. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the FOREX market had its volume ranging between $21 604 and $224 921. The 45% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 108%.

The total market capitalization of during the past 7-day oscillated between $1 966 412, the starting point that was established on September 1, and $4 234 915 on September 7, the end date of the reviewed period. The percentage change in the total market capitalization of FOREX amounted to 115%. When compared to the price fluctuations during the observed period of time, the 115% market capitalization movement was accompanied by a 108% change in the price of the coin. A better understanding of the lay of the land on the market requires a comparison with the preceding week when the total market capitalization of changed by 25% as it went from $2 577 539 to $1 966 412.

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Article date: September 7 | September 1 - 7

Market reviews for similar coins for September 1 - 7