Coins
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Minto
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2022-09-17

Minto analysis September 11 - September 17 : bears in all-out attack as the price collapses by 11%.

The analysis of last week’s price action shows that the Minto market is in the bearish phase since the price has been moving downward. The situation on the BTCMT market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The price action of Minto has been contained due to modest volatility. Given that the average volatility on the BTCMT market didn't exceed 8%, the price action remained limited. The largest volatility for the given period occurred on September 11 and amounted to 8.06%. The asset has been the least volatile on September 15; at this time, the volatility stood at 0.04%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

While the overall situation on the Minto market was bearish, the trading session on September 11 kicked off at the $0.88 price level. On September 12 the coin market stayed neutral, with no changes in the price. Minto posted the interim low at $0.74 on September 13 and then moved down by 4% and peaked at $0.8. The trading volume on September 14 rendered support to the 2% bullish move of BTCMT. On September 15, Minto finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on September 16 resulted in the asset being traded between $0.75, the open of the day, and $0.74, the close of the day; at some point, the price spiked to the daily high at $1.04 and briefly dropped to the daily low at $0.73. The coin's market saw no changes on September 17, as the market flatlined. The asset posted the weekly low at $0.72, 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 $0.09 or 11% between the weekly low and the weekly high.

As for the average trading volume in the time slot between September 11 and September 17, the Minto market registered the change from $328 to $1 399. In order to have a better grasp of the BTCMT market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $115 to $11 252. The 73% trading volume fluctuation between September 11 and September 17, as compared with the previous period, served as a basis for a 11% price move.

Minto had its total market capitalization change from $2 167 976 on September 11 to $1 824 477 on September 17, the end of the examined time frame. Percentage-wise, the market capitalization of BTCMT has shifted by 16% in the past week. As a consequence of the 16% fluctuation in its market capitalization, the price of the coin changed by 11%. In the preceding week, September 4 - September 10, the market capitalization of Minto got a 1% adjustment ($1 843 409 to $1 855 724) in comparison to a 16% change last week; this allows getting a deeper insight into the market structure.

Price
Volatility
Capitalization
Volume
Sep 11Tue 13Thu 15Sat 17Sep 11Tue 13Thu 15Sat 170.740.760.780.800.820.740.760.780.800.82
Article date: September 17 | September 11 - 17

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