A 11% drop on the IoTeX market last week (August 29 - September 4) signals that the sellers are gaining strength.

Between August 29 - September 4, IoTeX has been mostly bearish as its price has been in the falling mode. The volatility associated with the IOTX market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

IoTeX has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 6% restrained IOTX 's price swings. The volatility of the coin reached its highest point at 6.45% during the observed period. The price of the asset had fluctuated the least on September 2, when the volatility plummeted to 0.26%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 6%.

The bears were dictating the terms on the IoTeX market on August 29 - the trading session opened at $0.03. There were no gains or losses to the IOTX market on August 29, it remained flat. The 6% move in the downward direction took place on the second day after the weekly open. The bears dominated the price action during the following trading period as the price drifted 3% to the downside, having established the low for the reviewed time frame at $0.031, while the high was recorded at $0.035. The next trading session was characterized by more price action (as IOTX made a 4% move) on the back of the consistent trading volume. On September 2, IoTeX finished the trading day with no changes to the flatlined market. While the 24H high and low on September 3 were at $0.03 and $0.029, respectively, the crypto coin had been traded in the area between the open at $0.03 and the close at $0.03. The coin found the deepest trough (24H low) at $0.03 on September 4 and then exploded to the ceiling (24H high) at $0.03; the price range for that day was between $0.03 and $0.03. $0.03 was the bottom of price action for the week, though the price went to the high extreme at $0.03 over the same time period. IoTeX shaped the $0.004 price range over the week of price action, which constituted the 11% gap between the weekly low and the weekly high.

In the period August 29 - September 4, the trading volume of IoTeX went from $15 613 025 on the first day of the reviewed period to $5 133 128 on the closing day. In order to have a better grasp of the IOTX 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 $10 850 547 to $23 266 779. The asset demonstrated an 27% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 11%.

The past week saw the market capitalization of IoTeX making a shift from $304 800 173 on August 29 to $281 560 288 on September 4, the peak for the analyzed period. 8% was the calculated percentage change for the IOTX market over the past week. The said 8% percentage change in market capitalization of the coin was accompanied by the 11% fluctuation in the price of the underlying asset. A better understanding of the lay of the land on the IoTeX market requires a comparison with the preceding week when the total market capitalization of IoTeX changed by 3% as it went from $297 275 974 to $304 800 173.

Mon 29Wed 31SeptemberSat 03Mon 29Wed 31SeptemberSat 030.03000.03100.03200.03300.03400.03000.03100.03200.03300.0340
Article date: September 4 | August 29 - September 4

Market reviews for similar coins for August 29 - September 4