RAI Finance analysis September 21 - September 27 : bears in all-out attack as the price collapses by 14%.
The price of RAI Finance was falling last from September 21 until September 27, giving enough reason to conclude that the market is. The price swings of SOFI pointed to the presence of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
While the volatility remains restrained, RAI Finance isn't making any explosive moves. The market analysis reveals that the mild average volatility of 14% restrained SOFI 's price swings. The most significant volatility occurred on September 21 and reached 16.14%. The asset's volatility was at its lowest on September 25 when it dropped to 0.31%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
RAI Finance began the day on September 21 at $0.19, while the broad background was neutral. On September 21, the first trading session of the reviewed time period, the market participants saw SOFI moving up by 4%. The market sentiment on September 22 stayed as the coin obtained another 17%. On September 23, the market was moving to the upside as RAI Finance went 2% up from the low at $0.16 to the high at $0.17. The trading volume on September 24 rendered support to the 4% bullish move of SOFI. The price oscillation of RAI Finance on September 25 was in the $0.17 - $0.17 range; at the same time, the price stretched out to reach the 24H low at $0.17 and the 24H high at $0.18. No changes were observed on the crypto coin's market on September 26. The coin's market saw no changes on September 27, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.16 while buyers managed to push the price up to the weekly high at $0.21. The price action on the weekly time frame made RAI Finance within the 14% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.03.
Over the period of the last 7 days, September 21 to September 27, RAI Finance saw its average trading volume fluctuate between $2 185 981 and $73 111. During the week before September 21, the trading volume of SOFI flowed from $373 389 to $1 966 904. The average trading volume of the asset fluctuated by 111% by comparison with the previous period, whereas the price change of 14% took place over the same period of time.
Bitcoin began the observed period September 21 - September 27, with the market capitalization of $52 424 601 and finalized it at the market capitalization level of $49 291 644. The percentage change in the total market capitalization of SOFI amounted to 6%. While the market capitalization of the coin was altered by 6%, its price has made a 14% change. A better understanding of the lay of the land on the RAI Finance market requires a comparison with the preceding week when the total market capitalization of RAI Finance changed by 17% as it went from $42 250 401 to $52 424 601.