Slightly bearish : traders witnessed Minto moving down 4% from September 12 till September 18.
The downward movement of the Minto price last week indicates the chosen market is bearish. BTCMT has been going through a period of medium volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The price action of Minto has been contained due to modest volatility. Given that the average volatility on the BTCMT market didn't exceed 7%, the price action remained limited. The highest point of the coin's volatility reached 8.06% in the analyzed time frame. The price of the asset had fluctuated the least on September 16, when the volatility plummeted to 0.04%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.
There were no gains or losses to the BTCMT market on September 12, it remained flat. On September 13, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. The price range of Minto formed between $0.73 and $0.75 on September 14 as the price traveled 2% up. On September 15, the value of BTCMT was in the range, with the market remaining flat. The price oscillation of Minto on September 16 was in the $0.75 - $0.74 range; at the same time, the price stretched out to reach the 24H low at $0.73 and the 24H high at $1.04. No changes were observed on the crypto coin's market on September 17. The coin's market saw no changes on September 18, as the market flatlined. Over the course of all trading sessions, the asset established the weekly low at $0.72 while buyers managed to push the price up to the weekly high at $1.05. Minto shaped the $0.03 price range over the week of price action, which constituted the 4% gap between the weekly low and the weekly high.
Over the period of the last 7 days, September 12 to September 18, Minto saw its average trading volume fluctuate between $402 and $3 438. Over the week that came before the analyzed time span, the average trading volume of BTCMT ranged between $115 and $11 252. Percentage-wise, the trading volume of the asset changed by 58%, in comparison to the previous period, while its price experienced a 4% adjustment.
The total capitalization of Bitcoin at the start of the analyzed time period (September 12) amounted to $1 906 114; by the end of that period (September 18), the capitalization went to $1 830 558. 4% was the calculated percentage change for the BTCMT market over the past week. When compared to the price fluctuations during the observed period of time, the 4% market capitalization movement was accompanied by a 4% change in the price of the coin. Minto ’s market capitalization from the week before changed by 16%, as the result of fluctuation between $1 864 208 and $1 906 114, to give a clearer vision of the current state of the market.