The torpid RAI Finance had its price rise only by 3% last week (September 19 - September 25).
The bullish behavior of RAI Finance last week was characterized by the occurrence of upswings. SOFI has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The situation on the RAI Finance market allows us to characterise its volatility as mild. We established that SOFI didn't showcase any significant price action due to the market's mild average volatility of 13%. The highest point of the coin's volatility reached 16.14% in the analyzed time frame. The asset's volatility was at its lowest on September 23 when it dropped to 1.22%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 13%.
The opening price of RAI Finance was at $0.16 on September 19, with buyers having a more visible presence on the market. The gains of SOFI after the weekly open on September 19 amounted to 3%. The 11% move in the upward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of RAI Finance stood at 4% having reached the low at $0.18 and the high at $0.21 as the advantage remained on the side of buyers. The SOFI market was down as the price shifted by 17% on September 22, against the backdrop of the sufficient trading volume. September 23 kicked off with RAI Finance trading opening at $0.16 and then closing the session at $0.17, establishing the 24H low at $0.16 and 24H high at $0.17 in the process. On September 24, the crypto coin showcased the following price fluctuations: the trading session began at $0.17 and then traveled from the low of the day at $0.17 to the high of the day at $0.18, closing at $0.17. Between the 24H high at $0.18 and the 24H low at $0.17, the coin was traded in the $0.17 - $0.17 price corridor. $0.16 was the bottom of price action for the week, though the price went to the high extreme at $0.21 over the same time period. RAI Finance bounced 3% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.006.
The past 7 days were marked by a change in average daily trading volume from $373 389 on September 19 to $670 625 on September 25. In order to have a better grasp of the SOFI market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $254 287 to $1 334 189. The 188% trading volume fluctuation between September 19 and September 25, as compared with the previous period, served as a basis for a 3% price move.
The total market capitalization of RAI Finance during the past 7-day oscillated between $46 734 755, the starting point that was established on September 19, and $49 613 732 on September 25, the end date of the reviewed period. When translated to percentage rate, the market capitalization of SOFI over the past week adjusted by 6%. When compared to the price fluctuations during the observed period of time, the 6% market capitalization movement was accompanied by a 3% change in the price of the coin. 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 $44 813 042 on September 12 and $45 240 731 on September 18, which translates to a 1% change.