Restrained price action on August 20 to August 26 as USDX moves up by only 2%.
USDX has been last week as its price has been predominantly rising. USDX has been going through a period of low volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
The volatility is low on the USDX market, as the latest data suggests. The average volatility of USDX was as low as 0.15%, causing the dull price action. Despite the overall weak performance, the volatility of the coin had its highest point at 1.57%. The asset experienced the period of lowest volatility on August 25 when it fell to 0.15%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
On August 21 the coin market stayed neutral, with no changes in the price. The price range of USDX formed between $0.95 and $0.98 on August 22 as the price traveled 1% up. The trading volume on August 23 rendered support to the 1% bearish move of USDX. The price range of USDX on August 24 formed between $0.95 and $0.96, whereas the daily price extremities were $0.95 and $0.97. While the 24H high and low on August 25 were at $0.97 and $0.95, respectively, the crypto coin had been traded in the area between the open at $0.97 and the close at $0.96. Most trading activity on August 26 occurred in the space between $0.96 and $0.97; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.95, though the bulls had also staged the rally to the 24H high at $0.97. During the reviewed time period, the asset was able to achieve the weekly high at $0.98, though at a certain point, the bear pressurized the price down to the weekly low at $0.94. Traders saw USDX covering the $0.02 distance between the weekly low and the weekly high, which constituted for a 2% move.
The trading activity on the USDX market over the past week - August 20 to August 26 - generated the average trading volume that went from $739 715 to $586 164. A more comprehensive analysis of USDX price action requires the comparison of the trading volume between August 20 and August 26 with that from the preceding week that demonstrated how the trading volume fluctuated between $426 856 and $1 136 742. The 5% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 2%.
The change in the total market capitalization of USDX from August 20 to August 26 was as follows: on August 20, the capitalization was at $105 667 576, while on August 26, it reached the level of $106 864 622. The rate of percentage change for the last week for USDX was 1%. The 1% change in the coin's market capitalization affected the price rate that saw a 2% shift in the same time period. A more precise analysis of the USDX market also requires a comparison with the change in market capitalization from the week before, which amounted to 3% on the back of the move from $105 086 710 to $107 993 430.