The bears had a field day between September 8 and September 14 as XDEFI got knocked down by 11%.
XDEFI has been bearish last week as its price has been predominantly falling. The volatility of XDEFI has been medium throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
The price action of XDEFI has been contained due to modest volatility. Given that the average volatility on the XDEFI market didn't exceed 5%, the price action remained limited. The most significant volatility occurred on September 8 and reached 7.38%. 0.57% was the rock bottom for the asset's volatility that was reached on September 12. The crypto coin's market didn't put up any surprises due to mild average volatility of 5%.
The first day of price action was marked by the 1% move to the upside from the point where the trading session opened. The 3% move in the downward direction took place on the second day after the weekly open. XDEFI posted the interim low at $0.15 on September 10 and then moved up by 3% and peaked at $0.15. The next trading session was characterized by more price action (as XDEFI made a 1% move) on the back of the consistent trading volume. After the open at $0.16, XDEFI moved during September 12 in the range between the said open and the close at $0.15, having posted the 24H low at $0.15 and the 24H high at $0.16. While the 24H high and low on September 13 were at $0.15 and $0.14, respectively, the crypto coin had been traded in the area between the open at $0.15 and the close at $0.14. September 14 presented us with the following price action data: the coin opened the period at $0.14 and went on to establish the low at $0.133 and the high of the day at $0.139 before closing the day at $0.13. The asset posted the weekly low at $0.13, while the top of the weekly trading session was registered at $0.16. XDEFI bounced 11% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.02.
As for the average trading volume in the time slot between September 8 and September 14, the XDEFI market registered the change from $130 227 to $124 754. 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 asset demonstrated an 84% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 11%.
XDEFI had its total market capitalization change from $10 697 743 on September 8 to $9 628 041 on September 14, the end of the examined time frame. The percentage change in the total market capitalization of XDEFI amounted to 10%. The 10% change in the coin's market capitalization affected the price rate that saw a 11% shift in the same time period. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $11 998 372 on September 1 and $10 591 328 on September 7, which translates to a 12% change.