2022-09-21 analysis September 15 - September 21 : bears in all-out attack as the price collapses by 30%.

Between September 15 - September 21, has been mostly as its price has been in the falling mode. FOREX was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.

The price action of has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 8% restrained FOREX 's price swings. The most significant volatility occurred on September 15 and reached 12.15%. The price of the asset had fluctuated the least on September 19, when the volatility plummeted to 2.65%. 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 first day of price action was marked by the 3% move to the upside from the point where the trading session opened. On September 16 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of stood at 2% having reached the low at $0.03 and the high at $0.033 as the advantage remained on the side of sellers. FOREX ’s performance during September 18 was the following: the price declined by 8% in conjunction with the acceptable trading volume. September 19 kicked off with trading opening at $0.03 and then closing the session at $0.03, establishing the 24H low at $0.023 and 24H high at $0.028 in the process. While the 24H high and low on September 20 were at $0.026 and $0.023, respectively, the crypto coin had been traded in the area between the open at $0.03 and the close at $0.02. Most trading activity on September 21 occurred in the space between $0.02 and $0.02; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.022, though the bulls had also staged the rally to the 24H high at $0.023. Over the course of all trading sessions, the asset established the weekly low at $0.02 while buyers managed to push the price up to the weekly high at $0.04. The price action on the weekly time frame made within the 30% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.009.

The trading activity on the market over the past week - September 15 to September 21 - generated the average trading volume that went from $25 463 to $26 745. During the week before September 15, the trading volume of FOREX flowed from $35 218 to $148 044. The asset demonstrated an 35% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 30%.

The total market capitalization of during the past 7-day oscillated between $2 724 509, the starting point that was established on September 15, and $1 995 594 on September 21, the end date of the reviewed period. 27% was the calculated percentage change for the FOREX market over the past week. The price of the coin changed by 30% on the back of the 27% shift in its total market capitalization. ’s market capitalization from the week before changed by 33%, as the result of fluctuation between $4 399 635 and $2 724 509, to give a clearer vision of the current state of the market.

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Article date: September 21 | September 15 - 21

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