The bears had a field day between September 10 and September 16 as Diamond got knocked down by 14%.

The analysis of last week’s price action shows that the Diamond market is in the phase since the price has been moving downward. DMD has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The volatility has been suppressed, as the Diamond price action suggests. Our comprehensive data indicates that the price change of DMD has been moderate on the back of the average volatility of 9% for the given time period. The largest volatility for the given period occurred on September 10 and amounted to 10.74%. The asset's volatility was at its lowest on September 14 when it dropped to 0%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

While the overall situation on the Diamond market was neutral, the trading session on September 10 kicked off at the $2.33 price level. The price of DMD took a 5% up upswing at the open of the weekly trading period. On September 11 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 12, with the Diamond market remaining flat. The next trading session was characterized by more price action (as DMD made a 11% move) on the back of the consistent trading volume. The price oscillation of Diamond on September 14 was in the $2.16 - $2.12 range; at the same time, the price stretched out to reach the 24H low at $2.12 and the 24H high at $2.21. No changes were observed on the crypto coin's market on September 15. September 16 presented us with the following price action data: the coin opened the period at $2.15 and went on to establish the low at $2.09 and the high of the day at $2.15 before closing the day at $2.11. The asset posted the weekly low at $2.09, while the top of the weekly trading session was registered at $2.52. Diamond shaped the $0.33 price range over the week of price action, which constituted the 14% gap between the weekly low and the weekly high.

The trading activity on the Diamond market over the past week - September 10 to September 16 - generated the average trading volume that went from $20 618 to $13 387. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the DMD market had its volume ranging between $11 614 and $16 718. The 24% 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 14%.

The change in the total market capitalization of Diamond from September 10 to September 16 was as follows: on September 10, the capitalization was at $8 756 342, while on September 16, it reached the level of $7 747 220. Percentage-wise, the market capitalization of DMD has shifted by 12% in the past week. The 12% change in the coin's market capitalization affected the price rate that saw a 14% shift in the same time period. During the week before the analyzed time frame, the market capitalization of Diamond moved by 1% as it went from $7 819 280 to $7 761 123, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 16 | September 10 - 16

Market reviews for similar coins for September 10 - 16