Premia analysis September 9 - September 15 : bears in all-out attack as the price collapses by 32%.

Premia has been last week as its price has been predominantly falling. The volatility of PREMIA has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of decreased trading volume.

The unfolding situation in the Premia market suggests that the reviewed digital asset is in the stage of mild volatility. The market analysis reveals that the mild average volatility of 12% restrained PREMIA 's price swings. The most significant volatility occurred on September 9 and reached 13.45%. The asset's volatility was at its lowest on September 13 when it dropped to 0.78%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

The opening price of Premia was at $1.61 on September 9, with having a more visible presence on the market. During the opening day on September 9, PREMIA has had a 4% move to the upside. The coin market was up by 7% on September 10, the second day of the reviewed time period. During the following trading period on September 11, the price of Premia oscillated between the low at $1.71 and the high at $1.78, while the price moved down by 3%. PREMIA ’s performance during September 12 was the following: the price declined by 6% in conjunction with the acceptable trading volume. After the open at $1.49, Premia moved during September 13 in the range between the said open and the close at $1.29, having posted the 24H low at $1.28 and the 24H high at $1.49. On September 14, the crypto coin showcased the following price fluctuations: the trading session began at $1.29 and then traveled from the low of the day at $1.28 to the high of the day at $1.31, closing at $1.28. The coin found the deepest trough (24H low) at $1.13 on September 15 and then exploded to the ceiling (24H high) at $1.27; the price range for that day was between $1.27 and $1.13. The highest point of the price action over the week was at $1.89 - the weekly low during the same period was established at $1.13. As a result of price action within the designated time period, the price movement range on the Premia market was established at $0.54 or 32% between the weekly low and the weekly high.

In the period September 9 - September 15, the trading volume of Premia went from $967 515 on the first day of the reviewed period to $570 002 on the closing day. A more comprehensive analysis of PREMIA 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 $303 362 and $1 626 855. The 7% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 32%.

The past week saw the market capitalization of Premia making a shift from $17 172 555 on September 9 to $13 433 425 on September 15, the peak for the analyzed period. 22% was the calculated percentage change for the PREMIA market over the past week. The 22% change in the coin's market capitalization affected the price rate that saw a 32% shift in the same time period. In the preceding week, September 2 - September 8, the market capitalization of Premia got a 98% adjustment ($9 145 010 to $18 141 763) in comparison to a 22% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 15 | September 9 - 15

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