Coins
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Diamond
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2022-09-21

September 15 - September 21 market watch: Diamond goes up by 28% as buying pressure persists.

Between September 15 - September 21, Diamond has been mostly bullish as its price has been in the rising mode. The price swings of DMD pointed to the presence of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

The price action of Diamond has been contained due to modest volatility. Given that the average volatility on the DMD market didn't exceed 10%, the price action remained limited. The volatility of the coin reached its highest point at 11.93% during the observed period. The asset has been the least volatile on September 19; at this time, the volatility stood at 0.47%. Since the volatility of 10% can be deemed as mild, the crypto coin's market can be characterised as composed.

There were no gains or losses to the DMD market on September 15, it remained flat. The 2% move in the downward direction took place on the second day after the weekly open. On September 17, the market was moving to the upside as Diamond went 5% up from the low at $2.13 to the high at $2.23. The trading volume on September 18 rendered support to the 1% bearish move of DMD. Diamond finalized the trading day of September 19 at $2.32 after opening it at $2.19, though the price broke through that corridor to hit the 24H high at $2.33 and the 24H low at $2.05. The trading period on September 20 saw the crypto coin forming the price amplitude between the open at $2.34 and the close at $2.43, also interacting with $2.34 (24H low) and $2.34 (24H high). On the last day of the reviewed period, the coin was locked between $2.44 and $2.72, though the price managed to puncture these levels to reach the 24H high at $2.72 and the 24H low at $2.43. The asset posted the weekly low at $2.05, while the top of the weekly trading session was registered at $2.72. Traders saw Diamond covering the $0.59 distance between the weekly low and the weekly high, which constituted for a 28% move.

As for the average trading volume in the time slot between September 15 and September 21, the Diamond market registered the change from $15 632 to $14 662. 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 11%, and the 28% price shift.

The total capitalization of Bitcoin at the start of the analyzed time period (September 15) amounted to $8 030 119; by the end of that period (September 21), the capitalization went to $9 203 618. Percentage-wise, the market capitalization of DMD has shifted by 15% in the past week. The 15% change in the coin's market capitalization affected the price rate that saw a 28% shift in the same time period. 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 3% on the back of the move from $7 773 989 to $7 968 942.

Price
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Article date: September 21 | September 15 - 21

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