RAI Finance

A 7% price increase last week (September 12 - September 18) confirms the bullishness of RAI Finance.

The upward movement of the RAI Finance price last week indicates the chosen market is. The situation on the SOFI market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.

The volatility has been suppressed, as the RAI Finance price action suggests. The market analysis reveals that the mild average volatility of 16% restrained SOFI 's price swings. The volatility of the coin reached its highest point at 18.64% during the observed period. The asset's volatility was at its lowest on September 16 when it dropped to 0.54%. Since the volatility of 16% can be deemed as mild, the crypto coin's market can be characterised as composed.

The were dictating the terms on the RAI Finance market on September 12 - the trading session opened at $0.16. On September 12, the first trading session of the reviewed time period, the market participants saw SOFI moving down by 5%. The price action of the coin remained on September 13 as the pushed the price up by 3%. During the following trading period on September 14, the price of RAI Finance oscillated between the low at $0.13 and the high at $0.15, while the price moved down by 11%. The trading volume on September 15 rendered support to the 11% bullish move of SOFI. After the open at $0.14, RAI Finance moved during September 16 in the range between the said open and the close at $0.16, having posted the 24H low at $0.14 and the 24H high at $0.17. On September 17, the crypto coin showcased the following price fluctuations: the trading session began at $0.16 and then traveled from the low of the day at $0.16 to the high of the day at $0.17, closing at $0.16. September 18 presented us with the following price action data: the coin opened the period at $0.16 and went on to establish the low at $0.16 and the high of the day at $0.16 before closing the day at $0.16. The price action on the asset's market during the period between September 12 and September 18 topped at $0.17, while the bottom of the price range was established at $0.13. RAI Finance bounced 7% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.01.

RAI Finance ’s average trading volume on the opening day of the observed time period, September 12, stood at $254 287, while on the closing day of the same period, it moved to $485 306. During the week before September 12, the trading volume of SOFI flowed from $235 715 to $7 426 423. The 67% 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 7%.

The change in the total market capitalization of RAI Finance from September 12 to September 18 was as follows: on September 12, the capitalization was at $44 813 042, while on September 18, it reached the level of $45 240 731. When translated to percentage rate, the market capitalization of SOFI over the past week adjusted by 1%. While the market capitalization of the coin was altered by 1%, its price has made a 7% change. A more precise analysis of the RAI Finance market also requires a comparison with the change in market capitalization from the week before, which amounted to 6% on the back of the move from $48 119 726 to $45 105 648.

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Article date: September 18 | September 12 - 18

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