The market crumbled last week (September 15 - September 21) as XDEFI lost 19%.
XDEFI has been bearish last week as its price has been predominantly falling. The volatility associated with the XDEFI market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The price action of XDEFI has been contained due to modest volatility. During the reviewed period, the volatility of XDEFI was in the middle register, averaging at 9%. The most significant volatility occurred on September 15 and reached 12.34%. 2.5% was the rock bottom for the asset's volatility that was reached on September 19. The crypto coin's market didn't put up any surprises due to mild average volatility of 9%.
The opening price of XDEFI was at $0.13 on September 15, with sellers having a more visible presence on the market. On September 15, the first trading session of the reviewed time period, the market participants saw XDEFI moving down by 3%. The 3% move in the downward direction took place on the second day after the weekly open. The price range of XDEFI formed between $0.12 and $0.13 on September 17 as the price traveled 5% up. On September 19, XDEFI market moved by 4% in the bearish direction in concert with the trading volume. After the open at $0.13, XDEFI moved during September 19 in the range between the said open and the close at $0.12, having posted the 24H low at $0.12 and the 24H high at $0.13. The crypto coin opened the trading session on September 20 at $0.12 and finalized it at $0.12; the highest point of price action was at $0.13, the lowest was detected at $0.12. On the last day of the reviewed period, the coin was locked between $0.12 and $0.1, though the price managed to puncture these levels to reach the 24H high at $0.12 and the 24H low at $0.1. The price action on the asset's market during the period between September 15 and September 21 topped at $0.13, while the bottom of the price range was established at $0.1. The price action on the weekly time frame made XDEFI within the 19% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.02.
XDEFI ’s average trading volume on the opening day of the observed time period, September 15, stood at $178 087, while on the closing day of the same period, it moved to $594 565. 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 $74 128 and $292 141. Percentage-wise, the trading volume of the asset changed by 49%, in comparison to the previous period, while its price experienced a 19% adjustment.
Bitcoin began the observed period September 15 - September 21, with the market capitalization of $9 577 778 and finalized it at the market capitalization level of $8 197 712. 14% was the calculated percentage change for the XDEFI market over the past week. The 14% change in the coin's market capitalization affected the price rate that saw a 19% shift in the same time period. In the preceding week, September 8 - September 14, the market capitalization of XDEFI got a 10% adjustment ($10 697 743 to $9 628 041) in comparison to a 14% change last week; this allows getting a deeper insight into the market structure.