The bullish pressure subsides between August 28 and September 3 as Diamond gains only 4%.
The price of Diamond was rising last from August 28 until September 3, giving enough reason to conclude that the market is. The volatility of DMD has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Diamond is experiencing low volatility, as confirmed by our comprehensive analysis. With the average volatility being as low as 0%, DMD was incapable of making any sizable price swings. 4.5% was the maximum volatility that the coin managed to showcase on September 1. The asset experienced the period of lowest volatility on September 2 when it fell to 0%. The crypto coin's low volatility of 0% points to the weakness of all market participants.
There were no gains or losses to the DMD market on August 28, it remained flat. On August 29, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. On August 30, the market was moving to the downside as Diamond went 2% down from the low at $2.03 to the high at $2.12. The DMD market was up as the price shifted by 1% on August 31, against the backdrop of the sufficient trading volume. The price oscillation of Diamond on September 1 was in the $2.1 - $2.07 range; at the same time, the price stretched out to reach the 24H low at $2.05 and the 24H high at $2.1. The activity on the crypto coin's market on September 2 resulted in the asset being traded between $2.06, the open of the day, and $2.09, the close of the day; at some point, the price spiked to the daily high at $2.13 and briefly dropped to the daily low at $2.06. The coin's market saw no changes on September 3, as the market flatlined. The asset posted the weekly low at $1.99, while the top of the weekly trading session was registered at $2.13. The price action on the weekly time frame made Diamond within the 4% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.09.
Over the period of the last 7 days, August 28 to September 3, Diamond saw its average trading volume fluctuate between $17 340 and $15 072. During the week before August 28, the trading volume of DMD flowed from $10 937 to $21 100. The 10% 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 4%.
Diamond had its total market capitalization change from $7 433 680 on August 28 to $7 819 280 on September 3, the end of the examined time frame. When translated to percentage rate, the market capitalization of DMD over the past week adjusted by 5%. While the market capitalization of the coin was altered by 5%, its price has made a 4% change. A more precise analysis of the Diamond market also requires a comparison with the change in market capitalization from the week before, which amounted to 4% on the back of the move from $7 516 873 to $7 239 045.