USDX sees limited 1% gains between September 15 and September 21 as the market cools down.
Between September 15 - September 21, USDX has been mostly as its price has been in the rising mode. USDX has been going through a period of low volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that USDX is now going through the cycle of low volatility. The insignificant movement of the USDX market came as the result of low average volatility that amounted to 0.34%. Despite the overall weak performance, the volatility of the coin had its highest point at 0.59%. The price action on the asset's market was the weakest on September 20 when the volatility was at 0.34%, the minimum for the given period of time. The volatility of 0.34% is too low for the crypto coin to engage in any attention-worthy price action.
On September 16 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 17, with the USDX market remaining flat. On September 18, the value of USDX was in the range, with the market remaining flat. The developments on the USDX market on September 19 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 $0.93 and spiking to the 24H high at $0.93. No changes were observed on the crypto coin's market on September 20. Most trading activity on September 21 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 $0.96. The price action on the asset's market during the period between September 15 and September 21 topped at $0.96, while the bottom of the price range was established at $0.93. Traders saw USDX covering the $0.009 distance between the weekly low and the weekly high, which constituted for a 1% move.
USDX ’s average trading volume on the opening day of the observed time period, September 15, stood at $406 703, while on the closing day of the same period, it moved to $650 876. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the USDX market had its volume ranging between $217 915 and $841 705. The 44% trading volume fluctuation between September 15 and September 21, 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 $105 204 040, the starting point that was established on September 15, and $104 562 518 on September 21, the end date of the reviewed period. The percentage change in the total market capitalization of USDX amounted to 1%. The said 1% percentage change in market capitalization of the coin was accompanied by the 1% fluctuation in the price of the underlying asset. USDX ’s market capitalization from the week before changed by 2%, as the result of fluctuation between $107 167 745 and $105 204 040, to give a clearer vision of the current state of the market.