SW DAO lost 7% in the period September 8 - September 14 as a result of selling pressure.
SW DAO has been bearish last week as its price has been predominantly falling. SWD was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
According to our market analysis, the weak price movement of SW DAO was dictated by low volatility. The data derived from our credible sources shows that the average volatility of SWD didn't exceed 0%, which is indicative of weak price action. The maximum volatility of the coin stood at 4.37% in the analyzed time frame. The weakest volatility level of 0% on the asset's market was registered on September 13. The unimpressive volatility of 0% showcases the overall weakness of the crypto coin.
The price of SWD took a 1% up upswing at the open of the weekly trading period. On September 9 the coin market stayed neutral, with no changes in the price. During the next trading day, the rate of change in the price of SW DAO stood at 4% having reached the low at $1.97 and the high at $2.06 as the advantage remained on the side of sellers. On September 11, the value of SWD was in the range, with the market remaining flat. On September 12, SW DAO finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on September 13 resulted in the asset being traded between $1.97, the open of the day, and $1.98, the close of the day; at some point, the price spiked to the daily high at $1.98 and briefly dropped to the daily low at $1.96. The coin found the deepest trough (24H low) at $1.93 on September 14 and then exploded to the ceiling (24H high) at $1.98; the price range for that day was between $1.97 and $1.93. The highest point of the price action over the week was at $2.1 - the weekly low during the same period was established at $1.93. SW DAO shaped the $0.15 price range over the week of price action, which constituted the 7% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between September 8 and September 14, the SW DAO market registered the change from $0.13 to $3.58. We can draw the comparison with the period of 7 days that preceded the reviewed one when SWD ’s trading volume varied from $0.62 to $264. The average trading volume of the asset fluctuated by 91% by comparison with the previous period, whereas the price change of 7% took place over the same period of time.
The change in the total market capitalization of SW DAO from September 8 to September 14 was as follows: on September 8, the capitalization was at $839 667, while on September 14, it reached the level of $790 173. The rate of percentage change for the last week for SWD was 6%. While the market capitalization of the coin was altered by 6%, its price has made a 7% change. In the preceding week, September 1 - September 7, the market capitalization of SW DAO got a 24% adjustment ($1 087 694 to $825 759) in comparison to a 6% change last week; this allows getting a deeper insight into the market structure.