Bearish response: The handle.fi price melts by 5% between September 5 and September 11.
The downward movement of the handle.fi price last week indicates the chosen market is bullish. The price swings of FOREX pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
The price action of handle.fi has been contained due to modest volatility. During the reviewed period, the volatility of FOREX was in the middle register, averaging at 8%. The highest point of the coin's volatility reached 8.47% in the analyzed time frame. On September 9, the volatility of the asset was at its minimum at 0.1%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The trading session on September 5 started with handle.fi opening at $0.05 on the backdrop of bullish sentiment throughout the market. The coin market was down by 6% on September 6, the second day of the reviewed time period. On September 7, the market was moving to the downside as handle.fi went 8% down from the low at $0.04 to the high at $0.049. The next trading session was characterized by more bullish price action (as FOREX made a 1% move) on the back of the consistent trading volume. On September 9, handle.fi finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on September 10 at $0.05 and finalized it at $0.05; the highest point of price action was at $0.05, the lowest was detected at $0.05. The coin's market saw no changes on September 11, as the market flatlined. 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 $0.04. Traders saw handle.fi covering the $0.002 distance between the weekly low and the weekly high, which constituted for a 5% move.
handle.fi ’s average trading volume on the opening day of the observed time period, September 5, stood at $165 390, while on the closing day of the same period, it moved to $35 218. In order to have a better grasp of the FOREX market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $22 253 to $270 191. The 39% 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 5%.
The change in the total market capitalization of handle.fi from September 5 to September 11 was as follows: on September 5, the capitalization was at $4 392 130, while on September 11, it reached the level of $4 241 991. The rate of percentage change for the last week for FOREX was 3%. As a consequence of the 3% fluctuation in its market capitalization, the price of the coin changed by 5%. A more precise analysis of the handle.fi market also requires a comparison with the change in market capitalization from the week before, which amounted to 72% on the back of the move from $1 950 444 to $3 347 141.