SW DAO market outlook from September 14 - September 20 :the price surges by 31%.
The analysis of last week’s price action shows that the SW DAO market is in the phase since the price has been moving upward. The volatility of SWD has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.
SW DAO has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the SWD market didn't exceed 14%, the price action remained limited. The coin has hit the highest point of volatility on September 14. On September 18, the volatility of the asset was at its minimum at 0.44%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
The opening price of SW DAO was at $1.97 on September 14, with having a more visible presence on the market. The price of SWD took a 2% down downswing at the open of the weekly trading period. September 15 saw the coin going another 17% since the open, supported by the corresponding trading volume. On September 16, the market was moving to the upside as SW DAO went 2% up from the low at $2.24 to the high at $2.3. On September 17, the value of SWD was in the range, with the market remaining flat. On September 18, SW DAO finished the trading day with no changes to the flatlined market. While the 24H high and low on September 19 were at $2.54 and $2.29, respectively, the crypto coin had been traded in the area between the open at $2.31 and the close at $2.54. The coin's market saw no changes on September 20, as the market flatlined. The highest point of the price action over the week was at $2.54 - the weekly low during the same period was established at $1.92. SW DAO shaped the $0.59 price range over the week of price action, which constituted the 31% gap between the weekly low and the weekly high.
SW DAO ’s average trading volume on the opening day of the observed time period, September 14, stood at $3.58, while on the closing day of the same period, it moved to $472. A more comprehensive analysis of SWD price action requires the comparison of the trading volume between September 14 and September 20 with that from the preceding week that demonstrated how the trading volume fluctuated between $0.12 and $264. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 141%, and the 31% price shift.
SW DAO had its total market capitalization change from $790 173 on September 14 to $1 016 196 on September 20, the end of the examined time frame. 29% was the calculated percentage change for the SWD market over the past week. When compared to the price fluctuations during the observed period of time, the 29% market capitalization movement was accompanied by a 31% change in the price of the coin. SW DAO ’s market capitalization from the week before changed by 4%, as the result of fluctuation between $825 759 and $790 173, to give a clearer vision of the current state of the market.