Coins
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Stader
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2022-09-12

Red clouds gathered above the Stader market last week (September 6 - September 12) as the price went down by 10%.

The price of Stader was falling last from September 6 until September 12, giving enough reason to conclude that the market is bearish. The volatility associated with the SD market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Stader has been moving reservedly on the backdrop of average volatility. The average volatility of 15% was the reason why the price of SD didn't put up any significant gains. The largest volatility for the given period occurred on September 6 and amounted to 17.69%. The asset's volatility was at its lowest on September 10 when it dropped to 0.56%. Since the volatility of 15% can be deemed as mild, the crypto coin's market can be characterised as composed.

The opening price of Stader was at $0.41 on September 6, with sellers having a more visible presence on the market. During the opening day on September 6, SD has had a 6% move to the downside. September 7 saw the coin going another 17% since the open, supported by the corresponding trading volume. Stader posted the interim low at $0.31 on September 8 and then moved down by 5% and peaked at $0.33. The next trading session was characterized by more price action (as SD made a 9% move) on the back of the consistent trading volume. On September 10, Stader finished the trading day with no changes to the flatlined market. While the 24H high and low on September 11 were at $0.35 and $0.34, respectively, the crypto coin had been traded in the area between the open at $0.34 and the close at $0.34. As for the occurrences on September 12, the price of the coin bottomed at $0.34 and peaked at $0.35, while its daily range formed between $0.34 and $0.35. Over the course of all trading sessions, the asset established the weekly low at $0.31 while buyers managed to push the price up to the weekly high at $0.42. Traders saw Stader covering the $0.04 distance between the weekly low and the weekly high, which constituted for a 10% move.

Over the period of the last 7 days, September 6 to September 12, Stader saw its average trading volume fluctuate between $496 297 and $458 752. During the week before September 6, the trading volume of SD flowed from $398 131 to $771 410. The 2% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 10%.

The total capitalization of Bitcoin at the start of the analyzed time period (September 6) amounted to $2 908 393; by the end of that period (September 12), the capitalization went to $2 458 625. When translated to percentage rate, the market capitalization of SD over the past week adjusted by 15%. While the market capitalization of the coin was altered by 15%, its price has made a 10% change. The comparison with the Stader market capitalization seen during the time period August 30 - September 5 that occurred before the observed one, which changed by 2%, from $2 993 027 to $2 931 169, allows us to get a clearer understanding of current market conditions.

Price
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Wed 07Fri 09Sep 11Wed 07Fri 09Sep 110.320.340.360.380.320.340.360.38
Article date: September 12 | September 6 - 12

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