RAI Finance

September 10 - September 16 price action recap: RAI Finance sees a weak 4% gain as the buyers take a step back.

Between September 10 - September 16, RAI Finance has been mostly bullish as its price has been in the rising mode. The volatility of SOFI has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.

RAI Finance has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 17% restrained SOFI 's price swings. The coin has hit the highest point of volatility on September 10. The asset has been the least volatile on September 14; at this time, the volatility stood at 0.24%. The crypto coin's market didn't put up any surprises due to mild average volatility of 17%.

The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. On September 11 the coin market stayed neutral, with no changes in the price. On September 12, the market was moving to the downside as RAI Finance went 5% down from the low at $0.15 to the high at $0.16. On September 14, SOFI market moved by 3% in the bullish direction in concert with the trading volume. The price oscillation of RAI Finance on September 14 was in the $0.15 - $0.13 range; at the same time, the price stretched out to reach the 24H low at $0.13 and the 24H high at $0.15. The activity on the crypto coin's market on September 15 resulted in the asset being traded between $0.14, the open of the day, and $0.16, the close of the day; at some point, the price spiked to the daily high at $0.16 and briefly dropped to the daily low at $0.13. The coin found the deepest trough (24H low) at $0.14 on September 16 and then exploded to the ceiling (24H high) at $0.17; the price range for that day was between $0.14 and $0.16. $0.13 was the bottom of price action for the week, though the price went to the high extreme at $0.17 over the same time period. As a result of price action within the designated time period, the price movement range on the RAI Finance market was established at $0.006 or 4% between the weekly low and the weekly high.

As for the average trading volume in the time slot between September 10 and September 16, the RAI Finance market registered the change from $368 778 to $950 498. Over the week that came before the analyzed time span, the average trading volume of SOFI ranged between $344 943 and $7 426 423. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 80%, and the 4% price shift.

The change in the total market capitalization of RAI Finance from September 10 to September 16 was as follows: on September 10, the capitalization was at $45 097 130, while on September 16, it reached the level of $45 532 321. Percentage-wise, the market capitalization of SOFI has shifted by 1% in the past week. As a consequence of the 1% fluctuation in its market capitalization, the price of the coin changed by 4%. In the preceding week, September 3 - September 9, the market capitalization of RAI Finance got a 18% adjustment ($38 924 237 to $46 039 248) in comparison to a 1% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 16 | September 10 - 16

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