The bears had a field day between September 16 and September 22 as got knocked down by 33%.

Between September 16 - September 22, 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. 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. has been moving reservedly on the backdrop of average volatility. We established that FOREX didn't showcase any significant price action due to the market's mild average volatility of 9%. The most significant volatility occurred on September 16 and reached 12.15%. The asset saw its volatility drop to the lowest level for the given period on September 20 as it shrank to 2.52%. The crypto coin's market didn't put up any surprises due to mild average volatility of 9%.

There were no gains or losses to the FOREX market on September 16, it remained flat. The 2% move in the downward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of stood at 8% having reached the low at $0.03 and the high at $0.03 as the advantage remained on the side of sellers. FOREX ’s performance during September 19 was the following: the price declined by 7% in conjunction with the acceptable trading volume. The developments on the market on September 20 started with the price opening at $0.03 and subsequently moving to $0.02, the close of the day, while dropping to the 24H low at $0.023 and spiking to the 24H high at $0.023. The trading period on September 21 saw the crypto coin forming the price amplitude between the open at $0.02 and the close at $0.02, also interacting with $0.022 (24H low) and $0.022 (24H high). Most trading activity on September 22 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 $0.02, though the bulls had also staged the rally to the 24H high at $0.022. The price action on the asset's market during the period between September 16 and September 22 topped at $0.04, while the bottom of the price range was established at $0.02. As a result of price action within the designated time period, the price movement range on the market was established at $0.01 or 33% between the weekly low and the weekly high.

The trading activity on the market over the past week - September 16 to September 22 - generated the average trading volume that went from $44 453 to $36 664. A more comprehensive analysis of FOREX price action requires the comparison of the trading volume between September 16 and September 22 with that from the preceding week that demonstrated how the trading volume fluctuated between $25 463 and $95 266. The asset demonstrated an 14% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 33%.

Bitcoin began the observed period September 16 - September 22, with the market capitalization of $2 856 083 and finalized it at the market capitalization level of $1 809 314. 37% was the calculated percentage change for the FOREX market over the past week. The price of the coin changed by 33% on the back of the 37% shift in its total market capitalization. In the preceding week, September 9 - September 15, the market capitalization of got a 35% adjustment ($4 179 610 to $2 724 509) in comparison to a 37% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22