USDX slid down by 1% last week (August 27 - September 2) as the sellers pushed back.
USDX has been bearish last week as its price has been predominantly falling. USDX has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The volatility is low on the USDX market, as the latest data suggests. The average volatility of USDX was capped at 0.24%, leading to weak fluctuations in the price of USDX. Despite the overall weak performance, the volatility of the coin had its highest point at 1.14%. The weakest volatility level of 0.24% on the asset's market was registered on September 1. The unimpressive volatility of 0.24% showcases the overall weakness of the crypto coin.
The losses of USDX after the weekly open on August 27 amounted to 1%. On August 28 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on August 29, with the USDX market remaining flat. The USDX market was up as the price shifted by 1% on August 30, against the backdrop of the sufficient trading volume. USDX finalized the trading day of August 31 at $0.95 after opening it at $0.96, though the price broke through that corridor to hit the 24H high at $0.97 and the 24H low at $0.94. On September 1, the crypto coin showcased the following price fluctuations: the trading session began at $0.95 and then traveled from the low of the day at $0.94 to the high of the day at $0.96, closing at $0.95. The coin's market saw no changes on September 2, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.94 while buyers managed to push the price up to the weekly high at $0.97. As a result of price action within the designated time period, the price movement range on the USDX market was established at $0.01 or 1% between the weekly low and the weekly high.
The trading activity on the USDX market over the past week - August 27 to September 2 - generated the average trading volume that went from $1 457 667 to $974 127. Over the week that came before the analyzed time span, the average trading volume of USDX ranged between $586 164 and $1 321 270. The 9% trading volume fluctuation between August 27 and September 2, as compared with the previous period, served as a basis for a 1% price move.
The total market capitalization of USDX during the past 7-day oscillated between $107 597 113, the starting point that was established on August 27, and $106 442 553 on September 2, the end date of the reviewed period. The percentage change in the total market capitalization of USDX amounted to 1%. While the market capitalization of the coin was altered by 1%, its price has made a 1% change. A better understanding of the lay of the land on the USDX market requires a comparison with the preceding week when the total market capitalization of USDX changed by 1% as it went from $105 667 576 to $107 597 113.