RAI Finance

Market analysis September 15 - September 21 : RAI Finance posts a 23% rally.

RAI Finance has been bullish last week as its price has been predominantly rising. The volatility of SOFI has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the growth of market capitalization. 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. Given that the average volatility on the SOFI market didn't exceed 16%, the price action remained limited. The volatility of the coin reached its highest point at 18.64% during the observed period. The asset saw its volatility drop to the lowest level for the given period on September 19 as it shrank to 0.54%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The opening price of RAI Finance was at $0.14 on September 15, with buyers having a more visible presence on the market. SOFI made a 11% step in an upward direction during the first daily trading session that took place on September 15. On September 16, the price of the coin has shifted by 19% from the daily open on the back of a good trading volume. The bears dominated the price action during the following trading period as the price drifted 3% to the downside, having established the low for the reviewed time frame at $0.16, while the high was recorded at $0.17. The next trading session was characterized by more bullish price action (as SOFI made a 1% move) on the back of the consistent trading volume. The price range of RAI Finance on September 19 formed between $0.16 and $0.17, whereas the daily price extremities were $0.16 and $0.17. The price action on September 20 saw the crypto coin moving along the following route: starting point at $0.16 and closing point at $0.18, while it also deviated to establish the high of the day at $0.19 and the low of the day at $0.16. On the last day of the reviewed period, the coin was locked between $0.19 and $0.2, though the price managed to puncture these levels to reach the 24H high at $0.21 and the 24H low at $0.18. During the reviewed time period, the asset was able to achieve the weekly high at $0.21, though at a certain point, the bear pressurized the price down to the weekly low at $0.13. Traders saw RAI Finance covering the $0.04 distance between the weekly low and the weekly high, which constituted for a 23% move.

RAI Finance ’s average trading volume on the opening day of the observed time period, September 15, stood at $544 990, while on the closing day of the same period, it moved to $2 185 981. During the week before September 15, the trading volume of SOFI flowed from $235 715 to $1 297 611. The average trading volume of the asset fluctuated by 63% by comparison with the previous period, whereas the price change of 23% took place over the same period of time.

The change in the total market capitalization of RAI Finance from September 15 to September 21 was as follows: on September 15, the capitalization was at $43 142 224, while on September 21, it reached the level of $52 424 601. The rate of percentage change for the last week for SOFI was 22%. As a consequence of the 22% fluctuation in its market capitalization, the price of the coin changed by 23%. 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 $45 425 980 on September 8 and $42 250 401 on September 14, which translates to a 7% change.

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Article date: September 21 | September 15 - 21

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