A 13% drop on the Shibaverse market last week (September 15 - September 21) signals that the sellers are gaining strength.
The downward movement of the Shibaverse price last week indicates the chosen market is. The volatility associated with the VERSE market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The volatility has been suppressed, as the Shibaverse price action suggests. The average volatility of 17% was the reason why the price of VERSE didn't put up any significant gains. The most significant volatility occurred on September 15 and reached 18.12%. The asset has been the least volatile on September 19; at this time, the volatility stood at 0.82%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The opening price of Shibaverse was at $0.005 on September 15, with having a more visible presence on the market. On September 15, the first trading session of the reviewed time period, the market participants saw VERSE moving down by 3%. The price action of the coin remained bearish on September 16 as the bears pushed the price down by 13%. The price range of Shibaverse formed between $0.0042 and $0.0049 on September 17 as the price traveled 15% up. Over the next trading period (on September 18), VERSE was moving down by 13% on the back of a congruous trading volume. The price range of Shibaverse on September 19 formed between $0.004 and $0.004, whereas the daily price extremities were $0.004 and $0.004. The trading period on September 20 saw the crypto coin forming the price amplitude between the open at $0.004 and the close at $0.004, also interacting with $0.0041 (24H low) and $0.0041 (24H high). Between the 24H high at $0.004 and the 24H low at $0.004, the coin was traded in the $0.004 - $0.004 price corridor. The price action on the asset's market during the period between September 15 and September 21 topped at $0.005, while the bottom of the price range was established at $0.004. Shibaverse shaped the $0.0006 price range over the week of price action, which constituted the 13% gap between the weekly low and the weekly high.
Over the period of the last 7 days, September 15 to September 21, Shibaverse saw its average trading volume fluctuate between $12 684 and $10 928. Over the week that came before the analyzed time span, the average trading volume of VERSE ranged between $37 840 and $144 141. Percentage-wise, the trading volume of the asset changed by 69%, in comparison to the previous period, while its price experienced a 13% adjustment.
Shibaverse had its total market capitalization change from $4 055 068 on September 15 to $3 321 304 on September 21, the end of the examined time frame. The percentage change in the total market capitalization of VERSE amounted to 18%. While the market capitalization of the coin was altered by 18%, its price has made a 13% change. 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 $4 623 921 on September 8 and $3 965 156 on September 14, which translates to a 14% change.