The bears had a field day between September 9 and September 15 as XDEFI got knocked down by 12%.
Between September 9 - September 15, XDEFI has been mostly bearish as its price has been in the falling mode. XDEFI has been going through a period of low volatility, which fell in line with the occurred price changes. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The volatility is low on the XDEFI market, as the latest data suggests. Our data shows that the average volatility of XDEFI didn't exceed 2.36%, which is why its price remained constrained. The peak of the coin's volatility for the given time period was reached on September 13 when this parameter went as low as 7.38%. The weakest volatility level of 2.36% on the asset's market was registered on September 14. The low volatility of 2.36% means that the crypto coin is weak and incapable of any sizable price swings.
The trading session on September 9 started with XDEFI opening at $0.15 on the backdrop of bearish sentiment throughout the market. On September 9, the first trading session of the reviewed time period, the market participants saw XDEFI moving down by 3%. The market sentiment on September 10 stayed bullish as the coin obtained another 3%. The price range of XDEFI formed between $0.153 and $0.157 on September 11 as the price traveled 1% up. On September 13, XDEFI market moved by 5% in the bearish direction in concert with the trading volume. After the open at $0.15, XDEFI moved during September 13 in the range between the said open and the close at $0.14, having posted the 24H low at $0.14 and the 24H high at $0.15. The crypto coin opened the trading session on September 14 at $0.14 and finalized it at $0.13; the highest point of price action was at $0.139, the lowest was detected at $0.133. Most trading activity on September 15 occurred in the space between $0.13 and $0.13; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.13, though the bulls had also staged the rally to the 24H high at $0.13. The highest point of the price action over the week was at $0.16 - the weekly low during the same period was established at $0.13. The price action on the weekly time frame made XDEFI within the 12% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.02.
The past 7 days were marked by a change in average daily trading volume from $74 128 on September 9 to $178 087 on September 15. During the week before September 9, the trading volume of XDEFI flowed from $82 166 to $5 747 179. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 84%, and the 12% price shift.
XDEFI had its total market capitalization change from $10 764 152 on September 9 to $9 577 778 on September 15, the end of the examined time frame. The percentage change in the total market capitalization of XDEFI amounted to 11%. The said 11% percentage change in market capitalization of the coin was accompanied by the 12% fluctuation in the price of the underlying asset. 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 $12 073 115 on September 2 and $10 697 743 on September 8, which translates to a 11% change.