XDC Network

Slightly bearish : traders witnessed XDC Network moving down 3% from September 13 till September 19.

The analysis of last week’s price action shows that the XDC Network market is in the bearish phase since the price has been moving downward. The situation on the XDC market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

The price action of XDC Network 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 XDC didn't exceed 1.14%, which is indicative of weak price action. The maximum volatility of the coin stood at 1.82% in the analyzed time frame. The weakest volatility level of 1.14% on the asset's market was registered on September 18. The low volatility of 1.14% means that the crypto coin is weak and incapable of any sizable price swings.

During the opening day on September 13, XDC has had a 2% move to the downside. The coin market was down by 2% on September 14, the second day of the reviewed time period. On September 15, the market was moving to the downside as XDC Network went 2% down from the low at $0.025 to the high at $0.027. On September 16, the value of XDC was in the range, with the market remaining flat. The price range of XDC Network on September 17 formed between $0.03 and $0.03, whereas the daily price extremities were $0.025 and $0.026. No changes were observed on the crypto coin's market on September 18. Most trading activity on September 19 occurred in the space between $0.03 and $0.03; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0252, though the bulls had also staged the rally to the 24H high at $0.0258. During the reviewed time period, the asset was able to achieve the weekly high at $0.028, though at a certain point, the bear pressurized the price down to the weekly low at $0.025. The difference between the lowest and the highest price points for the week was 3%, as the price moved in the $0.0007 wide corridor.

XDC Network ’s average trading volume on the opening day of the observed time period, September 13, stood at $2 418 453, while on the closing day of the same period, it moved to $2 142 056. Over the week that came before the analyzed time span, the average trading volume of XDC ranged between $1 927 568 and $3 201 499. The 3% trading volume fluctuation between September 13 and September 19, as compared with the previous period, served as a basis for a 3% price move.

The change in the total market capitalization of XDC Network from September 13 to September 19 was as follows: on September 13, the capitalization was at $367 725 047, while on September 19, it reached the level of $353 529 404. XDC experienced a 4% change in total market capitalization throughout the past seven days. The said 4% percentage change in market capitalization of the coin was accompanied by the 3% fluctuation in the price of the underlying asset. XDC Network ’s market capitalization from the week before changed by 1%, as the result of fluctuation between $362 305 607 and $367 725 047, to give a clearer vision of the current state of the market.

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Article date: September 19 | September 13 - 19

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