September 15 - September 21 market watch: SW DAO goes up by 12% as buying pressure persists.
The behavior of SW DAO last week was characterized by the occurrence of upswings. The price swings of SWD pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The price action of SW DAO has been contained due to modest volatility. The average volatility of 15% was the reason why the price of SWD didn't put up any significant gains. The coin was the most volatile on September 15, when the range of its price fluctuations reached 16.05%. The price of the asset had fluctuated the least on September 19, when the volatility plummeted to 0%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
SW DAO began the day on September 15 at $1.92, while the broad background was neutral. On September 15, the first trading session of the reviewed time period, the market participants saw SWD moving up by 17%. The market sentiment on September 16 stayed bullish as the coin obtained another 2%. The cautious traders dominated the price action on September 17, with the SW DAO market remaining flat. On September 18, the value of SWD was in the range, with the market remaining flat. The price range of SW DAO on September 19 formed between $2.31 and $2.54, whereas the daily price extremities were $2.29 and $2.54. No changes were observed on the crypto coin's market on September 20. The coin found the deepest trough (24H low) at $2.52 on September 21 and then exploded to the ceiling (24H high) at $2.54; the price range for that day was between $2.54 and $2.52. During the reviewed time period, the asset was able to achieve the weekly high at $2.54, though at a certain point, the bear pressurized the price down to the weekly low at $1.92. The difference between the lowest and the highest price points for the week was 12%, as the price moved in the $0.28 wide corridor.
The trading activity on the SW DAO market over the past week - September 15 to September 21 - generated the average trading volume that went from $152 to $0.89. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the SWD market had its volume ranging between $0.12 and $42.08. The average trading volume of the asset fluctuated by 1400% by comparison with the previous period, whereas the price change of 12% took place over the same period of time.
The total market capitalization of SW DAO during the past 7-day oscillated between $904 794, the starting point that was established on September 15, and $1 016 563 on September 21, the end date of the reviewed period. When translated to percentage rate, the market capitalization of SWD over the past week adjusted by 12%. The price of the coin changed by 12% on the back of the 12% shift in its total market capitalization. A better understanding of the lay of the land on the SW DAO market requires a comparison with the preceding week when the total market capitalization of SW DAO changed by 6% as it went from $839 667 to $904 794.