IoTeX retraces by 3% in the period September 29 - October 5 as the market turns slightly bearish.

The behavior of IoTeX last week was characterized by the occurrence of downswings. IOTX has been going through a period of medium volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

While the volatility remains restrained, IoTeX isn't making any explosive moves. During the reviewed period, the volatility of IOTX was in the middle register, averaging at 6%. The most significant volatility occurred on September 29 and reached 6.05%. The asset saw its volatility drop to the lowest level for the given period on October 3 as it shrank to 0.23%. Since the volatility of 6% can be deemed as mild, the crypto coin's market can be characterised as composed.

The first day of price action was marked by the 2% move to the upside from the point where the trading session opened. On September 30 the coin market stayed neutral, with no changes in the price. IoTeX posted the interim low at $0.029 on October 1 and then moved down by 1% and peaked at $0.029. IOTX ’s performance during October 2 was the following: the price declined by 2% in conjunction with the acceptable trading volume. October 3 kicked off with IoTeX trading opening at $0.03 and then closing the session at $0.03, establishing the 24H low at $0.027 and 24H high at $0.028 in the process. The price action on October 4 saw the crypto coin moving along the following route: starting point at $0.03 and closing point at $0.03, while it also deviated to establish the high of the day at $0.03 and the low of the day at $0.03. Between the 24H high at $0.03 and the 24H low at $0.03, the coin was traded in the $0.03 - $0.03 price corridor. 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 difference between the lowest and the highest price points for the week was 3%, as the price moved in the $0.0008 wide corridor.

IoTeX ’s average trading volume on the opening day of the observed time period, September 29, stood at $8 784 628, while on the closing day of the same period, it moved to $4 336 264. Over the week that came before the analyzed time span, the average trading volume of IOTX ranged between $6 234 265 and $18 648 245. The 56% trading volume fluctuation between September 29 and October 5, as compared with the previous period, served as a basis for a 3% price move.

IOTX experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. IoTeX market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: October 5 | September 29 - October 5

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