Reservedly bullish : the price of SW DAO grew by 10% in the period of September 16 - September 22.
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 associated with the SWD market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.
While the volatility remains restrained, SW DAO isn't making any explosive moves. During the reviewed period, the volatility of SWD was in the middle register, averaging at 8%. The coin was the most volatile on September 16, when the range of its price fluctuations reached 9.48%. 0% was the rock bottom for the asset's volatility that was reached on September 20. 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.
On September 16, the SW DAO market opened at $2.25, preceded by a period of neutral action. The gains of SWD after the weekly open on September 16 amounted to 2%. On September 17 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 18, with the SW DAO market remaining flat. Over the next trading period (on September 19), SWD was moving up by 10% on the back of a congruous trading volume. On September 20, SW DAO finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on September 21 resulted in the asset being traded between $2.54, the open of the day, and $2.52, the close of the day; at some point, the price spiked to the daily high at $2.54 and briefly dropped to the daily low at $2.52. The coin's market saw no changes on September 22, as the market flatlined. The asset posted the weekly low at $2.24, while the top of the weekly trading session was registered at $2.54. SW DAO shaped the $0.24 price range over the week of price action, which constituted the 10% gap between the weekly low and the weekly high.
Over the period of the last 7 days, September 16 to September 22, SW DAO saw its average trading volume fluctuate between $2 and $4.99. A more comprehensive analysis of SWD price action requires the comparison of the trading volume between September 16 and September 22 with that from the preceding week that demonstrated how the trading volume fluctuated between $0.12 and $152. The 190% trading volume fluctuation between September 16 and September 22, as compared with the previous period, served as a basis for a 10% price move.
The past week saw the market capitalization of SW DAO making a shift from $901 957 on September 16 to $1 014 275 on September 22, the peak for the analyzed period. The percentage change in the total market capitalization of SWD amounted to 12%. The 12% change in the coin's market capitalization affected the price rate that saw a 10% shift in the same time period. In the preceding week, September 9 - September 15, the market capitalization of SW DAO got a 10% adjustment ($825 435 to $904 794) in comparison to a 12% change last week; this allows getting a deeper insight into the market structure.