The capitulation of September 10 - September 16 : XDEFI experienced a 17% dive.
The bearish behavior of XDEFI last week was characterized by the occurrence of downswings. The volatility of XDEFI has been low throughout the reviewed period in correspondence with the price action. 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.
XDEFI is experiencing low volatility, as confirmed by our comprehensive analysis. The average volatility of XDEFI was as low as 2.36%, causing the dull price action. Despite the overall weak performance, the volatility of the coin had its highest point at 7.38%. The calmest period on the asset's market was registered on September 15, when the volatility failed to exceed 2.36%. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.
While the overall situation on the XDEFI market was bearish, the trading session on September 10 kicked off at the $0.15 price level. The price of XDEFI took a 3% up upswing at the open of the weekly trading period. The price action of the coin remained bullish on September 11 as the bulls pushed the price up by 1%. During the next trading day, the rate of change in the price of XDEFI stood at 5% having reached the low at $0.15 and the high at $0.16 as the advantage remained on the side of sellers. The XDEFI market was down as the price shifted by 7% on September 13, against the backdrop of the sufficient trading volume. XDEFI finalized the trading day of September 14 at $0.13 after opening it at $0.14, though the price broke through that corridor to hit the 24H high at $0.139 and the 24H low at $0.133. The trading period on September 15 saw the crypto coin forming the price amplitude between the open at $0.13 and the close at $0.13, also interacting with $0.13 (24H low) and $0.13 (24H high). The coin found the deepest trough (24H low) at $0.126 on September 16 and then exploded to the ceiling (24H high) at $0.13; the price range for that day was between $0.13 and $0.13. The price action on the asset's market during the period between September 10 and September 16 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 17% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.03.
As for the average trading volume in the time slot between September 10 and September 16, the XDEFI market registered the change from $292 141 to $107 012. In order to have a better grasp of the XDEFI 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 $74 128 to $5 747 179. Percentage-wise, the trading volume of the asset changed by 83%, in comparison to the previous period, while its price experienced a 17% adjustment.
Bitcoin began the observed period September 10 - September 16, with the market capitalization of $10 662 606 and finalized it at the market capitalization level of $9 301 741. XDEFI experienced a 13% change in total market capitalization throughout the past seven days. The price of the coin changed by 17% on the back of the 13% shift in its total market capitalization. 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 $11 694 772 on September 3 and $10 764 152 on September 9, which translates to a 8% change.