2022-09-20 analysis September 14 - September 20 : bears in all-out attack as the price collapses by 25%.

Between September 14 - September 20, has been mostly as its price has been in the falling mode. The volatility associated with the FOREX market was medium, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

While the volatility remains restrained, isn't making any explosive moves. The market analysis reveals that the mild average volatility of 9% restrained FOREX 's price swings. The volatility of the coin reached its highest point at 12.15% during the observed period. The price of the asset had fluctuated the least on September 18, when the volatility plummeted to 2.65%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

On September 14, the market opened at $0.03, preceded by a period of neutral action. On September 14, the first trading session of the reviewed time period, the market participants saw FOREX moving down by 11%. The price action of the coin remained on September 15 as the pushed the price up by 3%. The cautious traders dominated the price action on September 16, with the market remaining flat. The FOREX market was down as the price shifted by 2% on September 17, against the backdrop of the sufficient trading volume. After the open at $0.03, moved during September 18 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 $0.03. On September 19, the crypto coin showcased the following price fluctuations: the trading session began at $0.03 and then traveled from the low of the day at $0.023 to the high of the day at $0.028, closing at $0.03. Between the 24H high at $0.026 and the 24H low at $0.023, the coin was traded in the $0.03 - $0.02 price corridor. During the reviewed time period, the asset was able to achieve the weekly high at $0.04, though at a certain point, the bear pressurized the price down to the weekly low at $0.02. The price action on the weekly time frame made within the 25% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.008. ’s average trading volume on the opening day of the observed time period, September 14, stood at $91 577, while on the closing day of the same period, it moved to $111 903. 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 $35 218 to $148 044. The 26% trading volume fluctuation between September 14 and September 20, as compared with the previous period, served as a basis for a 25% price move. had its total market capitalization change from $2 928 074 on September 14 to $2 301 448 on September 20, the end of the examined time frame. Percentage-wise, the market capitalization of FOREX has shifted by 21% in the past week. As a consequence of the 21% fluctuation in its market capitalization, the price of the coin changed by 25%. In the preceding week, September 7 - September 13, the market capitalization of got a 15% adjustment ($4 234 915 to $3 620 022) in comparison to a 21% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 20 | September 14 - 20

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