Diamond exploded by 30% in the period of September 16 - September 22 as the buyers got an upper hand.

Diamond has been bullish last week as its price has been predominantly rising. The volatility associated with the DMD market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

The unfolding situation in the Diamond market suggests that the reviewed digital asset is in the stage of mild volatility. Our comprehensive data indicates that the price change of DMD has been moderate on the back of the average volatility of 10% for the given time period. The highest point of the coin's volatility reached 11.93% in the analyzed time frame. The asset has been the least volatile on September 20; at this time, the volatility stood at 0.94%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

On September 16, the Diamond market opened at $2.15, preceded by a period of bullish action. The price of DMD took a 2% down downswing at the open of the weekly trading period. The market sentiment on September 17 stayed as the coin obtained another 5%. On September 18, the market was moving to the downside as Diamond went 1% down from the low at $2.19 to the high at $2.24. DMD ’s performance during September 19 was the following: the price increased by 6% in conjunction with the acceptable trading volume. September 20 kicked off with Diamond trading opening at $2.34 and then closing the session at $2.43, establishing the 24H low at $2.34 and 24H high at $2.44 in the process. The crypto coin opened the trading session on September 21 at $2.44 and finalized it at $2.72; the highest point of price action was at $2.72, the lowest was detected at $2.43. On the last day of the reviewed period, the coin was locked between $2.63 and $2.75, though the price managed to puncture these levels to reach the 24H high at $2.75 and the 24H low at $2.54. During the reviewed time period, the asset was able to achieve the weekly high at $2.75, though at a certain point, the bear pressurized the price down to the weekly low at $2.05. Diamond shaped the $0.64 price range over the week of price action, which constituted the 30% gap between the weekly low and the weekly high.

Diamond ’s average trading volume on the opening day of the observed time period, September 16, stood at $13 387, while on the closing day of the same period, it moved to $29 989. During the week before September 16, the trading volume of DMD flowed from $12 622 to $21 385. The average trading volume of the asset fluctuated by 2% by comparison with the previous period, whereas the price change of 30% took place over the same period of time.

Diamond had its total market capitalization change from $7 747 220 on September 16 to $9 480 233 on September 22, the end of the examined time frame. The percentage change in the total market capitalization of DMD amounted to 22%. The said 22% percentage change in market capitalization of the coin was accompanied by the 30% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the Diamond market requires a comparison with the preceding week when the total market capitalization of Diamond changed by 3% as it went from $7 761 123 to $7 747 220.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22