September 7 - September 13 price action review: XDEFI goes down by 9%.
The price of XDEFI was falling last from September 7 until September 13, giving enough reason to conclude that the market is bearish. The situation on the XDEFI market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The volatility has been suppressed, as the XDEFI price action suggests. The average volatility of 6% was the reason why the price of XDEFI didn't put up any significant gains. The volatility of the coin reached its highest point at 7.38% during the observed period. The asset saw its volatility drop to the lowest level for the given period on September 11 as it shrank to 0.06%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The gains of XDEFI after the weekly open on September 7 amounted to 1%. September 8 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the following trading period on September 9, the price of XDEFI oscillated between the low at $0.15 and the high at $0.15, while the price moved down by 3%. The XDEFI market was up as the price shifted by 3% on September 10, against the backdrop of the sufficient trading volume. The price range of XDEFI on September 11 formed between $0.15 and $0.16, whereas the daily price extremities were $0.153 and $0.157. The crypto coin opened the trading session on September 12 at $0.16 and finalized it at $0.15; the highest point of price action was at $0.16, the lowest was detected at $0.15. As for the occurrences on September 13, the price of the coin bottomed at $0.14 and peaked at $0.15, while its daily range formed between $0.15 and $0.14. Over the course of all trading sessions, the asset established the weekly low at $0.14 while buyers managed to push the price up to the weekly high at $0.16. The difference between the lowest and the highest price points for the week was 9%, as the price moved in the $0.01 wide corridor.
XDEFI ’s average trading volume on the opening day of the observed time period, September 7, stood at $137 519, while on the closing day of the same period, it moved to $210 911. 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 $82 166 and $5 747 179. The 84% 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 9%.
XDEFI had its total market capitalization change from $10 591 328 on September 7 to $10 293 033 on September 13, the end of the examined time frame. 3% was the calculated percentage change for the XDEFI market over the past week. The said 3% percentage change in market capitalization of the coin was accompanied by the 9% fluctuation in the price of the underlying asset. The comparison with the XDEFI market capitalization seen during the time period August 31 - September 6 that occurred before the observed one, which changed by 10%, from $11 777 424 to $10 641 325, allows us to get a clearer understanding of current market conditions.