USDX market stayed flat from September 13 - September 19.
USDX portrayed neutral behavior last week, with no changes in the price. 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 price action of the crypto coin from last week stemmed from the decreasing trading volume.
The price action of USDX is in a stalemate due to low volatility during the observed period. The data derived from our credible sources shows that the average volatility of USDX didn't exceed 0.34%, which is indicative of weak price action. The peak of the coin's volatility for the given time period was reached on September 17 when this parameter went as low as 0.74%. The quietest period on the asset's market was recorded on September 17, when the volatility dropped to the minimum at 0.34%. The volatility of 0.34% is too low for the crypto coin to engage in any attention-worthy price action.
While the overall situation on the USDX market was bearish, the trading session on September 13 kicked off at the $0.94 price level. On September 14 the coin market stayed neutral, with no changes in the price. The bears dominated the price action during the following trading period as the price drifted 1% to the downside, having established the low for the reviewed time frame at $0.94, while the high was recorded at $0.94. On September 16, the value of USDX was in the range, with the market remaining flat. On September 17, USDX finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on September 18. Most trading activity on September 19 occurred in the space between $0.94 and $0.94; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.93, though the bulls had also staged the rally to the 24H high at $0.95. 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 USDX market flatlining.
As for the average trading volume in the time slot between September 13 and September 19, the USDX market registered the change from $217 915 to $1 554 055. A more comprehensive analysis of USDX price action requires the comparison of the trading volume between September 13 and September 19 with that from the preceding week that demonstrated how the trading volume fluctuated between $417 364 and $841 705. The asset demonstrated an 16% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 0%.
The change in the total market capitalization of USDX from September 13 to September 19 was as follows: on September 13, the capitalization was at $105 169 841, while on September 19, it reached the level of $104 501 424. The percentage change in the total market capitalization of USDX amounted to 1%. When compared to the price fluctuations during the observed period of time, the 1% market capitalization movement was accompanied by a 0% change in the price of the coin. 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 0% as it went from $105 538 217 to $105 169 841.