USDX retraces by 1% in the period September 8 - September 14 as the market turns slightly bearish.
Between September 8 - September 14, USDX has been mostly bearish as its price has been in the falling mode. The volatility of USDX has been low throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
According to our market analysis, the weak price movement of USDX was dictated by low volatility. The average volatility of USDX was capped at 0.08%, leading to weak fluctuations in the price of USDX. Despite the overall weak performance, the volatility of the coin had its highest point at 0.74%. The calmest period on the asset's market was registered on September 13, when the volatility failed to exceed 0.08%. The volatility of 0.08% is too low for the crypto coin to engage in any attention-worthy price action.
There were no gains or losses to the USDX market on September 8, it remained flat. On September 9 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 10, with the USDX market remaining flat. USDX ’s performance during September 11 was the following: the price declined by 1% in conjunction with the acceptable trading volume. The developments on the USDX market on September 12 started with the price opening at $0.94 and subsequently moving to $0.94, the close of the day, while dropping to the 24H low at $0.94 and spiking to the 24H high at $0.94. On September 13, the crypto coin showcased the following price fluctuations: the trading session began at $0.94 and then traveled from the low of the day at $0.93 to the high of the day at $0.95, closing at $0.93. The coin's market saw no changes on September 14, as the market flatlined. The asset posted the weekly low at $0.93, while the top of the weekly trading session was registered at $0.96. USDX shaped the $0.007 price range over the week of price action, which constituted the 1% gap between the weekly low and the weekly high.
Over the period of the last 7 days, September 8 to September 14, USDX saw its average trading volume fluctuate between $437 643 and $533 974. A more comprehensive analysis of USDX price action requires the comparison of the trading volume between September 8 and September 14 with that from the preceding week that demonstrated how the trading volume fluctuated between $252 261 and $974 127. The average trading volume of the asset fluctuated by 16% by comparison with the previous period, whereas the price change of 1% took place over the same period of time.
The past week saw the market capitalization of USDX making a shift from $107 167 745 on September 8 to $105 009 904 on September 14, the peak for the analyzed period. When translated to percentage rate, the market capitalization of USDX over the past week adjusted by 2%. The 2% change in the coin's market capitalization affected the price rate that saw a 1% shift in the same time period. The comparison with the USDX market capitalization seen during the time period September 1 - September 7 that occurred before the observed one, which changed by 2%, from $106 158 120 to $104 146 988, allows us to get a clearer understanding of current market conditions.