IoTeX retraces by 4% in the period September 24 - September 30 as the market turns slightly bearish.

The behavior of IoTeX last week was characterized by the occurrence of downswings. The situation on the IOTX market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The analysis of events on the IoTeX market shows that the cryptocurrency under review is experiencing a period of low volatility. The average volatility of IOTX was capped at 0.01%, leading to weak fluctuations in the price of IoTeX. In the period between September 24 and September 30, the volatility of the coin peaked at 0.01%. The weakest volatility level of 0.01% on the asset's market was registered on September 29. The unimpressive volatility of 0.01% showcases the overall weakness of the crypto coin.

While the overall situation on the IoTeX market was neutral, the trading session on September 24 kicked off at the $0.03 price level. On September 24, the first trading session of the reviewed time period, the market participants saw IOTX moving up by 1%. The coin market was down by 2% on September 25, the second day of the reviewed time period. During the following trading period on September 26, the price of IoTeX oscillated between the low at $0.028 and the high at $0.029, while the price moved down by 1%. IOTX ’s performance during September 27 was the following: the price declined by 2% in conjunction with the acceptable trading volume. On September 28, IoTeX finished the trading day with no changes to the flatlined market. On September 29, the crypto coin showcased the following price fluctuations: the trading session began at $0.03 and then traveled from the low of the day at $0.028 to the high of the day at $0.029, closing at $0.03. The coin's market saw no changes on September 30, as the market flatlined. During the reviewed time period, the asset was able to achieve the weekly high at $0.03, though at a certain point, the bear pressurized the price down to the weekly low at $0.03. The price action on the weekly time frame made IoTeX within the 4% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.001.

The past 7 days were marked by a change in average daily trading volume from $17 347 825 on September 24 to $6 114 790 on September 30. A more comprehensive analysis of IOTX price action requires the comparison of the trading volume between September 24 and September 30 with that from the preceding week that demonstrated how the trading volume fluctuated between $6 332 619 and $18 648 245. The 21% trading volume fluctuation between September 24 and September 30, as compared with the previous period, served as a basis for a 4% price move.

The total capitalization of Bitcoin at the start of the analyzed time period (September 24) amounted to $285 446 978; by the end of that period (September 30), the capitalization went to $271 856 337. The rate of percentage change for the last week for IOTX was 5%. While the market capitalization of the coin was altered by 5%, its price has made a 4% 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 9% on the back of the move from $258 180 259 to $282 389 816.

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Article date: September 30 | September 24 - 30

Market reviews for similar coins for September 24 - 30