A 34% drop on the market last week (September 9 - September 15) signals that the sellers are gaining strength.

The downward movement of the price last week indicates the chosen market is. The volatility associated with the FOREX market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The unfolding situation in the market suggests that the reviewed digital asset is in the stage of mild volatility. Our comprehensive data indicates that the price change of FOREX has been moderate on the back of the average volatility of 16% for the given time period. The coin was the most volatile on September 9, when the range of its price fluctuations reached 16.61%. On September 13, 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.

There were no gains or losses to the FOREX market on September 9, it remained flat. On September 10, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on September 11, with the market remaining flat. Over the next trading period (on September 12), FOREX was moving down by 13% on the back of a congruous trading volume. After the open at $0.04, moved during September 13 in the range between the said open and the close at $0.03, having posted the 24H low at $0.03 and the 24H high at $0.04. The trading period on September 14 saw the crypto coin forming the price amplitude between the open at $0.03 and the close at $0.03, also interacting with $0.031 (24H low) and $0.031 (24H high). The coin found the deepest trough (24H low) at $0.031 on September 15 and then exploded to the ceiling (24H high) at $0.033; the price range for that day was between $0.03 and $0.03. The price action on the asset's market during the period between September 9 and September 15 topped at $0.05, while the bottom of the price range was established at $0.03. The price action on the weekly time frame made within the 34% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.02.

In the period September 9 - September 15, the trading volume of went from $66 779 on the first day of the reviewed period to $25 463 on the closing day. A more comprehensive analysis of FOREX price action requires the comparison of the trading volume between September 9 and September 15 with that from the preceding week that demonstrated how the trading volume fluctuated between $22 253 and $270 191. The average trading volume of the asset fluctuated by 58% by comparison with the previous period, whereas the price change of 34% took place over the same period of time.

The change in the total market capitalization of from September 9 to September 15 was as follows: on September 9, the capitalization was at $4 179 610, while on September 15, it reached the level of $2 724 509. The rate of percentage change for the last week for FOREX was 35%. The 35% change in the coin's market capitalization affected the price rate that saw a 34% shift in the same time period. ’s market capitalization from the week before changed by 117%, as the result of fluctuation between $2 031 268 and $4 179 610, to give a clearer vision of the current state of the market.

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Article date: September 15 | September 9 - 15

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