September 13 - September 19 price action review: XDEFI goes down by 10%.

The bearish behavior of XDEFI last week was characterized by the occurrence of downswings. The price swings of XDEFI pointed to the presence of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

XDEFI is experiencing low volatility, as confirmed by our comprehensive analysis. The average volatility of XDEFI was capped at 2.36%, leading to weak fluctuations in the price of XDEFI. The most significant price swings occurred on September 17, when the volatility of the coin was at its highest for the given period at 7.38%. The asset experienced the period of lowest volatility on September 18 when it fell to 2.36%. The low volatility of 2.36% means that the crypto coin is weak and incapable of any sizable price swings.

The opening price of XDEFI was at $0.15 on September 13, with sellers having a more visible presence on the market. The price of XDEFI took a 7% down downswing at the open of the weekly trading period. On September 14, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of XDEFI stood at 3% having reached the low at $0.13 and the high at $0.13 as the advantage remained on the side of sellers. The next trading session was characterized by more price action (as XDEFI made a 3% move) on the back of the consistent trading volume. After the open at $0.13, XDEFI moved during September 17 in the range between the said open and the close at $0.13, having posted the 24H low at $0.12 and the 24H high at $0.13. The price action on September 18 saw the crypto coin moving along the following route: starting point at $0.13 and closing point at $0.13, while it also deviated to establish the high of the day at $0.13 and the low of the day at $0.13. As for the occurrences on September 19, the price of the coin bottomed at $0.12 and peaked at $0.13, while its daily range formed between $0.13 and $0.12. Over the course of all trading sessions, the asset established the weekly low at $0.12 while buyers managed to push the price up to the weekly high at $0.15. As a result of price action within the designated time period, the price movement range on the XDEFI market was established at $0.01 or 10% between the weekly low and the weekly high.

Over the period of the last 7 days, September 13 to September 19, XDEFI saw its average trading volume fluctuate between $210 911 and $248 185. A more comprehensive analysis of XDEFI price action requires the comparison of the trading volume between September 13 and September 19 with that from the preceding week that demonstrated how the trading volume fluctuated between $74 128 and $5 747 179. The 82% 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 10%.

Bitcoin began the observed period September 13 - September 19, with the market capitalization of $10 293 033 and finalized it at the market capitalization level of $9 040 837. When translated to percentage rate, the market capitalization of XDEFI over the past week adjusted by 12%. While the market capitalization of the coin was altered by 12%, its price has made a 10% change. The comparison with the XDEFI market capitalization seen during the time period September 6 - September 12 that occurred before the observed one, which changed by 3%, from $10 641 325 to $10 933 390, allows us to get a clearer understanding of current market conditions.

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Article date: September 19 | September 13 - 19

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