The capitulation of September 16 - September 22 : Maple experienced a 13% dive.

Maple has been bearish last week as its price has been predominantly falling. The situation on the MPL market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The unfolding situation in the Maple market suggests that the reviewed digital asset is in the stage of mild volatility. We established that MPL didn't showcase any significant price action due to the market's mild average volatility of 6%. The coin was the most volatile on September 16, when the range of its price fluctuations reached 7.9%. The asset has been the least volatile on September 20; at this time, the volatility stood at 0.42%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

Maple began the day on September 16 at $21.52, while the broad background was bearish. The price of MPL took a 3% down downswing at the open of the weekly trading period. The market sentiment on September 17 stayed as the coin obtained another 2%. The bulls dominated the price action during the following trading period as the price drifted 2% to the upside, having established the low for the reviewed time frame at $21.24, while the high was recorded at $22.33. The trading volume on September 19 rendered support to the 8% bearish move of MPL. After the open at $19.98, Maple moved during September 20 in the range between the said open and the close at $19.01, having posted the 24H low at $18.71 and the 24H high at $20.04. The crypto coin opened the trading session on September 21 at $19.06 and finalized it at $18.93; the highest point of price action was at $19.21, the lowest was detected at $18.85. Between the 24H high at $18.83 and the 24H low at $17.99, the coin was traded in the $18.83 - $18.22 price corridor. Over the course of all trading sessions, the asset established the weekly low at $17.99 while buyers managed to push the price up to the weekly high at $22.33. As a result of price action within the designated time period, the price movement range on the Maple market was established at $2.62 or 13% between the weekly low and the weekly high.

Maple ’s average trading volume on the opening day of the observed time period, September 16, stood at $1 480 996, while on the closing day of the same period, it moved to $1 969 764. During the week before September 16, the trading volume of MPL flowed from $1 523 729 to $5 402 724. The 32% trading volume fluctuation between September 16 and September 22, as compared with the previous period, served as a basis for a 13% price move.

The past week saw the market capitalization of Maple making a shift from $134 277 228 on September 16 to $112 379 572 on September 22, the peak for the analyzed period. When translated to percentage rate, the market capitalization of MPL over the past week adjusted by 16%. When compared to the price fluctuations during the observed period of time, the 16% market capitalization movement was accompanied by a 13% change in the price of the coin. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $141 096 084 on September 9 and $135 902 469 on September 15, which translates to a 4% change.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22