The bears stepped up a gear on September 20 - September 26, dropping the price of RAI Finance by 7%.
The downward movement of the RAI Finance price last week indicates the chosen market is bullish. SOFI was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The price action of RAI Finance has been contained due to modest volatility. Our comprehensive data indicates that the price change of SOFI has been moderate on the back of the average volatility of 14% for the given time period. The most significant volatility occurred on September 20 and reached 16.14%. On September 24, the volatility of the asset was at its minimum at 0.31%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 14%.
RAI Finance began the day on September 20 at $0.16, while the broad background was bullish. The first day of price action was marked by the 11% move to the upside from the point where the trading session opened. On September 21, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of RAI Finance stood at 17% having reached the low at $0.16 and the high at $0.2 as the advantage remained on the side of sellers. The SOFI market was up as the price shifted by 2% on September 23, against the backdrop of the sufficient trading volume. After the open at $0.17, RAI Finance moved during September 24 in the range between the said open and the close at $0.17, having posted the 24H low at $0.17 and the 24H high at $0.18. The crypto coin opened the trading session on September 25 at $0.17 and finalized it at $0.17; the highest point of price action was at $0.18, the lowest was detected at $0.17. The coin's market saw no changes on September 26, as the market flatlined. The highest point of the price action over the week was at $0.21 - the weekly low during the same period was established at $0.16. The price action on the weekly time frame made RAI Finance within the 7% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.
The trading activity on the RAI Finance market over the past week - September 20 to September 26 - generated the average trading volume that went from $1 966 904 to $336 224. We can draw the comparison with the period of 7 days that preceded the reviewed one when SOFI ’s trading volume varied from $373 389 to $1 334 189. Percentage-wise, the trading volume of the asset changed by 181%, in comparison to the previous period, while its price experienced a 7% adjustment.
Bitcoin began the observed period September 20 - September 26, with the market capitalization of $49 292 973 and finalized it at the market capitalization level of $48 109 002. SOFI experienced a 2% change in total market capitalization throughout the past seven days. The said 2% percentage change in market capitalization of the coin was accompanied by the 7% fluctuation in the price of the underlying asset. The comparison with the RAI Finance market capitalization seen during the time period September 13 - September 19 that occurred before the observed one, which changed by 1%, from $46 165 967 to $46 734 755, allows us to get a clearer understanding of current market conditions.