Reservedly bullish : the price of Minto grew by 10% in the period of September 6 - September 12.
Between September 6 - September 12, Minto has been mostly bearish as its price has been in the rising mode. The volatility of BTCMT has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
Minto has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the BTCMT market didn't exceed 10%, the price action remained limited. The coin was the most volatile on September 6, when the range of its price fluctuations reached 12.57%. The asset's volatility was at its lowest on September 10 when it dropped to 0.68%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.
While the overall situation on the Minto market was bearish, the trading session on September 6 kicked off at the $0.79 price level. The losses of BTCMT after the weekly open on September 6 amounted to 12%. September 7 saw the coin going another 4% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of Minto stood at 10% having reached the low at $0.67 and the high at $1.05 as the advantage remained on the side of buyers. Over the next trading period (on September 9), BTCMT was moving up by 1% on the back of a congruous trading volume. Minto finalized the trading day of September 10 at $0.78 after opening it at $0.75, though the price broke through that corridor to hit the 24H high at $0.8 and the 24H low at $0.74. The trading period on September 11 saw the crypto coin forming the price amplitude between the open at $0.88 and the close at $0.83, also interacting with $0.83 (24H low) and $0.83 (24H high). The coin's market saw no changes on September 12, as the market flatlined. The asset posted the weekly low at $0.66, while the top of the weekly trading session was registered at $1.05. As a result of price action within the designated time period, the price movement range on the Minto market was established at $0.07 or 10% between the weekly low and the weekly high.
Over the period of the last 7 days, September 6 to September 12, Minto saw its average trading volume fluctuate between $505 and $402. We can draw the comparison with the period of 7 days that preceded the reviewed one when BTCMT ’s trading volume varied from $188 to $7 216. The asset demonstrated an 8% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 10%.
The change in the total market capitalization of Minto from September 6 to September 12 was as follows: on September 6, the capitalization was at $1 866 928, while on September 12, it reached the level of $1 906 114. BTCMT experienced a 2% change in total market capitalization throughout the past seven days. While the market capitalization of the coin was altered by 2%, its price has made a 10% change. A better understanding of the lay of the land on the Minto market requires a comparison with the preceding week when the total market capitalization of Minto changed by 3% as it went from $1 925 986 to $1 866 928.