The September 7 - 13 market report: Premia plunges by 15% as sellers apply more pressure.

Premia has been last week as its price has been predominantly falling. The price swings of PREMIA pointed to the presence of medium volatility. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

The unfolding situation in the Premia market suggests that the reviewed digital asset is in the stage of mild volatility. The average volatility of 12% was the reason why the price of PREMIA didn't put up any significant gains. The largest volatility for the given period occurred on September 7 and amounted to 15.27%. The asset's volatility was at its lowest on September 11 when it dropped to 3.39%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 12%.

The trading session on September 7 started with Premia opening at $1.32 on the backdrop of neutral sentiment throughout the market. The gains of PREMIA after the weekly open on September 7 amounted to 14%. September 8 saw the coin going another 4% since the open, supported by the corresponding trading volume. During the following trading period on September 9, the price of Premia oscillated between the low at $1.61 and the high at $1.89, while the price moved up by 4%. Over the next trading period (on September 10), PREMIA was moving up by 7% on the back of a congruous trading volume. Premia finalized the trading day of September 11 at $1.71 after opening it at $1.76, though the price broke through that corridor to hit the 24H high at $1.78 and the 24H low at $1.71. On September 12, the crypto coin showcased the following price fluctuations: the trading session began at $1.57 and then traveled from the low of the day at $1.47 to the high of the day at $1.59, closing at $1.48. Most trading activity on September 13 occurred in the space between $1.49 and $1.29; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $1.28, though the bulls had also staged the rally to the 24H high at $1.49. The highest point of the price action over the week was at $1.89 - the weekly low during the same period was established at $1.2. The difference between the lowest and the highest price points for the week was 15%, as the price moved in the $0.22 wide corridor.

In the period September 7 - September 13, the trading volume of Premia went from $1 504 657 on the first day of the reviewed period to $623 069 on the closing day. We can draw the comparison with the period of 7 days that preceded the reviewed one when PREMIA ’s trading volume varied from $303 362 to $1 016 884. Percentage-wise, the trading volume of the asset changed by 97%, in comparison to the previous period, while its price experienced a 15% adjustment.

Premia had its total market capitalization change from $14 851 716 on September 7 to $15 526 811 on September 13, the end of the examined time frame. PREMIA experienced a 5% change in total market capitalization throughout the past seven days. The price of the coin changed by 15% on the back of the 5% shift in its total market capitalization. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $8 796 556 on August 31 and $13 653 992 on September 6, which translates to a 55% change.

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Article date: September 13 | September 7 - 13

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