The market crumbled last week (September 7 - September 13) as handle.fi lost 24%.
Between September 7 - September 13, handle.fi has been mostly as its price has been in the falling mode. The situation on the FOREX market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The price action of handle.fi has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 15% restrained FOREX 's price swings. The most significant volatility occurred on September 7 and reached 16.61%. The asset saw its volatility drop to the lowest level for the given period on September 11 as it shrank to 0.1%. The crypto coin's market didn't put up any surprises due to mild average volatility of 15%.
On September 7, the first trading session of the reviewed time period, the market participants saw FOREX moving down by 8%. The market sentiment on September 8 stayed as the coin obtained another 1%. The cautious traders dominated the price action on September 9, with the handle.fi market remaining flat. FOREX ’s performance during September 10 was the following: the price declined by 4% in conjunction with the acceptable trading volume. On September 11, handle.fi finished the trading day with no changes to the flatlined market. The trading period on September 12 saw the crypto coin forming the price amplitude between the open at $0.05 and the close at $0.04, also interacting with $0.041 (24H low) and $0.041 (24H high). Most trading activity on September 13 occurred in the space between $0.04 and $0.03; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.03, though the bulls had also staged the rally to the 24H high at $0.04. The highest point of the price action over the week was at $0.05 - the weekly low during the same period was established at $0.03. handle.fi bounced 24% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.01.
Over the period of the last 7 days, September 7 to September 13, handle.fi saw its average trading volume fluctuate between $109 098 and $95 266. A more comprehensive analysis of FOREX price action requires the comparison of the trading volume between September 7 and September 13 with that from the preceding week that demonstrated how the trading volume fluctuated between $22 253 and $270 191. The 31% 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 24%.
handle.fi had its total market capitalization change from $4 234 915 on September 7 to $3 620 022 on September 13, the end of the examined time frame. When translated to percentage rate, the market capitalization of FOREX over the past week adjusted by 15%. The said 15% percentage change in market capitalization of the coin was accompanied by the 24% fluctuation in the price of the underlying asset. During the week before the analyzed time frame, the market capitalization of handle.fi moved by 151% as it went from $1 937 951 to $4 856 251, and gave a better understanding of the general direction in which this market is flowing.