SW DAO slid down by 4% last week (September 7 - September 13) as the sellers pushed back.
The bearish behavior of SW DAO last week was characterized by the occurrence of downswings. SWD has been going through a period of high volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The volatility of SW DAO was at 23.7% on average, which caused noticeable price fluctuations. The highest volatility was recorded on September 7 - it amounted to 23.7%. The volatility of the coin fell to its lowest on September 13 when it slid to 0%. 23.7% is too high a volatility for the SWD market to be considered stable and easily predictable.
SW DAO began the day on September 7 at $2.71, while the broad background was bearish. On September 7, the first trading session of the reviewed time period, the market participants saw SWD moving down by 24%. The coin market was up by 1% on September 8, the second day of the reviewed time period. The cautious traders dominated the price action on September 9, with the SW DAO market remaining flat. The trading volume on September 10 rendered support to the 4% bearish move of SWD. On September 11, SW DAO finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on September 12. Most trading activity on September 13 occurred in the space between $1.97 and $1.98; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $1.96, though the bulls had also staged the rally to the 24H high at $1.98. The asset posted the weekly low at $1.96, while the top of the weekly trading session was registered at $2.71. The difference between the lowest and the highest price points for the week was 4%, as the price moved in the $0.08 wide corridor.
The past 7 days were marked by a change in average daily trading volume from $264 on September 7 to $1.64 on September 13. Over the week that came before the analyzed time span, the average trading volume of SWD ranged between $0.62 and $264. 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 4%.
The past week saw the market capitalization of SW DAO making a shift from $825 759 on September 7 to $791 763 on September 13, the peak for the analyzed period. The rate of percentage change for the last week for SWD was 4%. The said 4% percentage change in market capitalization of the coin was accompanied by the 4% fluctuation in the price of the underlying asset. The comparison with the SW DAO market capitalization seen during the time period August 31 - September 6 that occurred before the observed one, which changed by 24%, from $1 084 687 to $825 759, allows us to get a clearer understanding of current market conditions.