Coins
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XDEFI
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2022-09-22

XDEFI analysis September 16 - September 22 : bears in all-out attack as the price collapses by 24%.

Between September 16 - September 22, XDEFI has been mostly bearish as its price has been in the falling mode. The situation on the XDEFI market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The volatility has been suppressed, as the XDEFI price action suggests. Given that the average volatility on the XDEFI market didn't exceed 9%, the price action remained limited. The most significant volatility occurred on September 16 and reached 12.34%. The asset has been the least volatile on September 20; at this time, the volatility stood at 2.5%. Since the volatility of 9% can be deemed as mild, the crypto coin's market can be characterised as composed.

While the overall situation on the XDEFI market was bearish, the trading session on September 16 kicked off at the $0.13 price level. The market sentiment on September 17 stayed as the coin obtained another 5%. The bears dominated the price action during the following trading period as the price drifted 4% to the downside, having established the low for the reviewed time frame at $0.13, while the high was recorded at $0.13. The XDEFI market was down as the price shifted by 2% on September 19, against the backdrop of the sufficient trading volume. The price range of XDEFI on September 20 formed between $0.12 and $0.12, whereas the daily price extremities were $0.12 and $0.13. On September 21, the crypto coin showcased the following price fluctuations: the trading session began at $0.12 and then traveled from the low of the day at $0.1 to the high of the day at $0.12, closing at $0.1. Between the 24H high at $0.1 and the 24H low at $0.09, the coin was traded in the $0.1 - $0.1 price corridor. $0.09 was the bottom of price action for the week, though the price went to the high extreme at $0.13 over the same time period. XDEFI shaped the $0.03 price range over the week of price action, which constituted the 24% gap between the weekly low and the weekly high.

The trading activity on the XDEFI market over the past week - September 16 to September 22 - generated the average trading volume that went from $107 012 to $979 159. During the week before September 16, the trading volume of XDEFI flowed from $74 128 to $292 141. The 111% 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 24%.

The past week saw the market capitalization of XDEFI making a shift from $9 301 741 on September 16 to $6 915 565 on September 22, the peak for the analyzed period. Percentage-wise, the market capitalization of XDEFI has shifted by 26% in the past week. When compared to the price fluctuations during the observed period of time, the 26% market capitalization movement was accompanied by a 24% change in the price of the coin. The comparison with the XDEFI market capitalization seen during the time period September 9 - September 15 that occurred before the observed one, which changed by 11%, from $10 764 152 to $9 577 778, allows us to get a clearer understanding of current market conditions.

Price
Volatility
Capitalization
Volume
Sat 17Mon 19Wed 21Sat 17Mon 19Wed 210.1000.1100.1200.1300.1000.1100.1200.130
Article date: September 22 | September 16 - 22

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