The bears stepped up a gear on August 22 - August 28, dropping the price of XDEFI by 8%.

Between August 22 - August 28, XDEFI has been mostly bearish as its price has been in the falling mode. The volatility of XDEFI has been medium 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. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The volatility has been suppressed, as the XDEFI price action suggests. The average volatility of 10% was the reason why the price of XDEFI didn't put up any significant gains. The largest volatility for the given period occurred on August 22 and amounted to 8.88%. The asset has been the least volatile on August 26; at this time, the volatility stood at 0.86%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 10%.

The opening price of XDEFI was at $0.16 on August 22, with sellers having a more visible presence on the market. The price of XDEFI took a 1% down downswing at the open of the weekly trading period. The price action of the coin remained on August 23 as the pushed the price up by 1%. XDEFI posted the interim low at $0.158 on August 24 and then moved up by 1% and peaked at $0.16. The XDEFI market was up as the price shifted by 1% on August 25, against the backdrop of the sufficient trading volume. The developments on the XDEFI market on August 26 started with the price opening at $0.16 and subsequently moving to $0.15, the close of the day, while dropping to the 24H low at $0.15 and spiking to the 24H high at $0.15. The price action on August 27 saw the crypto coin moving along the following route: starting point at $0.15 and closing point at $0.13, while it also deviated to establish the high of the day at $0.15 and the low of the day at $0.13. Between the 24H high at $0.14 and the 24H low at $0.13, the coin was traded in the $0.13 - $0.14 price corridor. The price action on the asset's market during the period between August 22 and August 28 topped at $0.16, while the bottom of the price range was established at $0.13. The price action on the weekly time frame made XDEFI within the 8% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.01.

Over the period of the last 7 days, August 22 to August 28, XDEFI saw its average trading volume fluctuate between $182 084 and $878 390. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the XDEFI market had its volume ranging between $153 651 and $281 631. The 374% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 8%.

The total capitalization of Bitcoin at the start of the analyzed time period (August 22) amounted to $10 771 639; by the end of that period (August 28), the capitalization went to $9 493 659. The percentage change in the total market capitalization of XDEFI amounted to 12%. The price of the coin changed by 8% on the back of the 12% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of XDEFI moved by 9% as it went from $11 898 209 to $10 795 613, and gave a better understanding of the general direction in which this market is flowing.

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Article date: August 28 | August 22 - 28

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