September 15 - September 21 market watch: IoTeX goes up by 11% as buying pressure persists.
The price of IoTeX was rising last from September 15 until September 21, giving enough reason to conclude that the market is. The volatility of IOTX has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The price action of IoTeX has been contained due to modest volatility. The average volatility of 7% was the reason why the price of IOTX didn't put up any significant gains. The volatility of the coin reached its highest point at 7.59% during the observed period. On September 19, the volatility of the asset was at its minimum at 0.06%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
The opening price of IoTeX was at $0.03 on September 15, with having a more visible presence on the market. The price of IOTX took a 1% down downswing at the open of the weekly trading period. On September 16 the coin market stayed neutral, with no changes in the price. On September 17, the market was moving to the upside as IoTeX went 7% up from the low at $0.027 to the high at $0.029. The IOTX market was down as the price shifted by 2% on September 18, against the backdrop of the sufficient trading volume. On September 19, IoTeX finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on September 20. Most trading activity on September 21 occurred in the space between $0.03 and $0.03; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.028, though the bulls had also staged the rally to the 24H high at $0.03. The highest point of the price action over the week was at $0.03 - the weekly low during the same period was established at $0.026. As a result of price action within the designated time period, the price movement range on the IoTeX market was established at $0.003 or 11% between the weekly low and the weekly high.
In the period September 15 - September 21, the trading volume of IoTeX went from $10 795 547 on the first day of the reviewed period to $13 484 320 on the closing day. During the week before September 15, the trading volume of IOTX flowed from $8 547 865 to $16 397 873. The 9% 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 11%.
IoTeX had its total market capitalization change from $259 178 595 on September 15 to $269 219 695 on September 21, the end of the examined time frame. When translated to percentage rate, the market capitalization of IOTX over the past week adjusted by 4%. While the market capitalization of the coin was altered by 4%, its price has made a 11% change. A more precise analysis of the IoTeX market also requires a comparison with the change in market capitalization from the week before, which amounted to 2% on the back of the move from $265 614 285 to $259 536 101.