Buyers kept pushing the Diamond market to the upside between September 13 and September 19 as the price increased by 7%.
Diamond has been last week as its price has been predominantly rising. DMD was caught in a period of medium volatility, which was reflected in its price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The unfolding situation in the Diamond market suggests that the reviewed digital asset is in the stage of mild volatility. We established that DMD didn't showcase any significant price action due to the market's mild average volatility of 9%. The coin was the most volatile on September 13, when the range of its price fluctuations reached 10.74%. The asset has been the least volatile on September 17; at this time, the volatility stood at 0.47%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 9%.
During the opening day on September 13, DMD has had a 11% move to the downside. On September 14, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on September 15, with the Diamond market remaining flat. Over the next trading period (on September 16), DMD was moving down by 2% on the back of a congruous trading volume. The developments on the Diamond market on September 17 started with the price opening at $2.13 and subsequently moving to $2.23, the close of the day, while dropping to the 24H low at $2.13 and spiking to the 24H high at $2.13. The crypto coin opened the trading session on September 18 at $2.22 and finalized it at $2.19; the highest point of price action was at $2.24, the lowest was detected at $2.19. The coin found the deepest trough (24H low) at $2.05 on September 19 and then exploded to the ceiling (24H high) at $2.33; the price range for that day was between $2.19 and $2.32. The price action on the asset's market during the period between September 13 and September 19 topped at $2.44, while the bottom of the price range was established at $2.05. Diamond shaped the $0.16 price range over the week of price action, which constituted the 7% gap between the weekly low and the weekly high.
Over the period of the last 7 days, September 13 to September 19, Diamond saw its average trading volume fluctuate between $18 618 and $12 309. In order to have a better grasp of the DMD market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $11 614 to $21 385. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 7%, and the 7% price shift.
The total capitalization of Bitcoin at the start of the analyzed time period (September 13) amounted to $8 906 063; by the end of that period (September 19), the capitalization went to $8 005 541. 10% was the calculated percentage change for the DMD market over the past week. While the market capitalization of the coin was altered by 10%, its price has made a 7% change. In the preceding week, September 6 - September 12, the market capitalization of Diamond got a 17% adjustment ($7 816 527 to $9 163 943) in comparison to a 10% change last week; this allows getting a deeper insight into the market structure.