September 9 - September 15 price action recap: Stader sees a weak 3% gain as the buyers take a step back.
Between September 9 - September 15, Stader has been mostly as its price has been in the rising mode. The situation on the SD market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The price action of Stader has been contained due to modest volatility. The average volatility of 10% was the reason why the price of SD didn't put up any significant gains. The coin has hit the highest point of volatility on September 9. The price of the asset had fluctuated the least on September 13, when the volatility plummeted to 0.56%. The crypto coin's market didn't put up any surprises due to mild average volatility of 10%.
The price of SD took a 9% up upswing at the open of the weekly trading period. On September 10 the coin market stayed neutral, with no changes in the price. The bulls dominated the price action during the following trading period as the price drifted 1% to the upside, having established the low for the reviewed time frame at $0.34, while the high was recorded at $0.35. The SD market was up as the price shifted by 2% on September 12, against the backdrop of the sufficient trading volume. Stader finalized the trading day of September 13 at $0.34 after opening it at $0.35, though the price broke through that corridor to hit the 24H high at $0.35 and the 24H low at $0.32. The price action on September 14 saw the crypto coin moving along the following route: starting point at $0.34 and closing point at $0.31, while it also deviated to establish the high of the day at $0.34 and the low of the day at $0.31. September 15 presented us with the following price action data: the coin opened the period at $0.31 and went on to establish the low at $0.31 and the high of the day at $0.35 before closing the day at $0.35. During the reviewed time period, the asset was able to achieve the weekly high at $0.36, though at a certain point, the bear pressurized the price down to the weekly low at $0.31. As a result of price action within the designated time period, the price movement range on the Stader market was established at $0.009 or 3% between the weekly low and the weekly high.
Over the period of the last 7 days, September 9 to September 15, Stader saw its average trading volume fluctuate between $492 608 and $355 299. A more comprehensive analysis of SD price action requires the comparison of the trading volume between September 9 and September 15 with that from the preceding week that demonstrated how the trading volume fluctuated between $384 425 and $888 803. The 25% trading volume fluctuation between September 9 and September 15, as compared with the previous period, served as a basis for a 3% price move.
The past week saw the market capitalization of Stader making a shift from $2 228 521 on September 9 to $2 249 317 on September 15, the peak for the analyzed period. Percentage-wise, the market capitalization of SD has shifted by 1% in the past week. The 1% change in the coin's market capitalization affected the price rate that saw a 3% shift in the same time period. A more precise analysis of the Stader market also requires a comparison with the change in market capitalization from the week before, which amounted to 24% on the back of the move from $2 985 594 to $2 275 267.