SwissBorg market stayed flat from September 16 - September 22.
SwissBorg portrayed neutral behavior last week, with no changes in the price. The situation on the CHSB market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The unfolding situation in the SwissBorg market suggests that the reviewed digital asset is in the stage of mild volatility. We established that CHSB didn't showcase any significant price action due to the market's mild average volatility of 6%. The volatility of the coin reached its highest point at 7.31% during the observed period. The price of the asset had fluctuated the least on September 20, when the volatility plummeted to 0.33%. Since the volatility of 6% can be deemed as mild, the crypto coin's market can be characterised as composed.
On September 16, the SwissBorg market opened at $0.18, preceded by a period of neutral action. During the opening day on September 16, CHSB has had a 3% move to the downside. September 17 saw the coin going another 2% since the open, supported by the corresponding trading volume. On September 18, the market was moving to the downside as SwissBorg went 5% down from the low at $0.17 to the high at $0.18. The next trading session was characterized by more price action (as CHSB made a 6% move) on the back of the consistent trading volume. SwissBorg finalized the trading day of September 20 at $0.18 after opening it at $0.18, though the price broke through that corridor to hit the 24H high at $0.19 and the 24H low at $0.17. The trading period on September 21 saw the crypto coin forming the price amplitude between the open at $0.18 and the close at $0.17, also interacting with $0.17 (24H low) and $0.17 (24H high). Between the 24H high at $0.17 and the 24H low at $0.17, the coin was traded in the $0.17 - $0.17 price corridor. Throughout the reviewed time period, no changes were observed on the asset's market. There was no difference between the lowest and highest price points for the observed week, with the SwissBorg market flatlining.
As for the average trading volume in the time slot between September 16 and September 22, the SwissBorg market registered the change from $345 125 to $333 800. During the week before September 16, the trading volume of CHSB flowed from $104 273 to $514 587. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 4%, and the 0% price shift.
The total market capitalization of SwissBorg during the past 7-day oscillated between $167 506 535, the starting point that was established on September 16, and $159 485 541 on September 22, the end date of the reviewed period. When translated to percentage rate, the market capitalization of CHSB over the past week adjusted by 5%. While the market capitalization of the coin was altered by 5%, its price has made a 0% change. A better understanding of the lay of the land on the SwissBorg market requires a comparison with the preceding week when the total market capitalization of SwissBorg changed by 3% as it went from $169 348 529 to $167 506 535.