September 16 - September 22 price action recap: XDC Network sees a weak 5% gain as the buyers take a step back.
The analysis of last week’s price action shows that the XDC Network market is in the phase since the price has been moving upward. The situation on the XDC market shows that the underlying asset is currently experiencing a period of low volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
According to our market analysis, the weak price movement of XDC Network was dictated by low volatility. The insignificant movement of the XDC market came as the result of low average volatility that amounted to 0.71%. The most significant price swings occurred on September 20, when the volatility of the coin was at its highest for the given period at 4.54%. The price action on the asset's market was the weakest on September 21 when the volatility was at 0.71%, the minimum for the given period of time. The low volatility of 0.71% means that the crypto coin is weak and incapable of any sizable price swings.
There were no gains or losses to the XDC market on September 16, it remained flat. The price action of the coin remained on September 17 as the pushed the price up by 3%. The cautious traders dominated the price action on September 18, with the XDC Network market remaining flat. The trading volume on September 19 rendered support to the 1% bearish move of XDC. On September 20, XDC Network finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on September 21 resulted in the asset being traded between $0.03, the open of the day, and $0.03, the close of the day; at some point, the price spiked to the daily high at $0.026 and briefly dropped to the daily low at $0.026. The coin found the deepest trough (24H low) at $0.026 on September 22 and then exploded to the ceiling (24H high) at $0.027; the price range for that day was between $0.03 and $0.03. The asset posted the weekly low at $0.025, while the top of the weekly trading session was registered at $0.027. XDC Network bounced 5% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.001.
As for the average trading volume in the time slot between September 16 and September 22, the XDC Network market registered the change from $2 553 760 to $2 684 200. In order to have a better grasp of the XDC market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $2 301 934 to $3 201 499. The average trading volume of the asset fluctuated by 9% by comparison with the previous period, whereas the price change of 5% took place over the same period of time.
XDC experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. XDC Network market capitalization from the week before experienced no change, as a result there were no price fluctuations.