USDX slid down by 1% last week (September 11 - September 17) as the sellers pushed back.
The bearish behavior of USDX last week was characterized by the occurrence of downswings. USDX has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The analysis of events on the USDX market shows that the cryptocurrency under review is experiencing a period of low volatility. The average volatility of USDX was capped at 0.34%, leading to weak fluctuations in the price of USDX. 0.74% was the maximum volatility that the coin managed to showcase on September 15. The asset experienced the period of lowest volatility on September 16 when it fell to 0.34%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.
The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The market sentiment on September 12 stayed bearish as the coin obtained another 1%. USDX posted the interim low at $0.93 on September 13 and then moved down by 1% and peaked at $0.95. On September 14, the value of USDX was in the range, with the market remaining flat. The developments on the USDX market on September 15 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. No changes were observed on the crypto coin's market on September 16. The coin's market saw no changes on September 17, as the market flatlined. The highest point of the price action over the week was at $0.96 - the weekly low during the same period was established at $0.93. USDX shaped the $0.008 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 11 to September 17, USDX saw its average trading volume fluctuate between $531 758 and $456 055. A more comprehensive analysis of USDX price action requires the comparison of the trading volume between September 11 and September 17 with that from the preceding week that demonstrated how the trading volume fluctuated between $252 261 and $841 705. The 5% trading volume fluctuation between September 11 and September 17, as compared with the previous period, served as a basis for a 1% price move.
The change in the total market capitalization of USDX from September 11 to September 17 was as follows: on September 11, the capitalization was at $107 040 284, while on September 17, it reached the level of $104 579 600. Percentage-wise, the market capitalization of USDX has shifted by 2% in the past week. The price of the coin changed by 1% on the back of the 2% shift in its total market capitalization. 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 0% on the back of the move from $106 218 490 to $105 857 983.