A 28% drop on the Minto market last week (September 15 - September 21) signals that the sellers are gaining strength.

Between September 15 - September 21, Minto has been mostly bearish as its price has been in the falling mode. The volatility associated with the BTCMT market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The price action of Minto has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 13% restrained BTCMT 's price swings. The volatility of the coin reached its highest point at 13.38% during the observed period. 0.04% was the rock bottom for the asset's volatility that was reached on September 19. 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.

There were no gains or losses to the BTCMT market on September 15, it remained flat. On September 16, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on September 17, with the Minto market remaining flat. On September 18, the value of BTCMT was in the range, with the market remaining flat. September 19 kicked off with Minto trading opening at $0.73 and then closing the session at $0.66, establishing the 24H low at $0.66 and 24H high at $1.04 in the process. The trading period on September 20 saw the crypto coin forming the price amplitude between the open at $0.65 and the close at $0.57, also interacting with $0.57 (24H low) and $0.57 (24H high). On the last day of the reviewed period, the coin was locked between $0.57 and $0.54, though the price managed to puncture these levels to reach the 24H high at $0.57 and the 24H low at $0.54. The asset posted the weekly low at $0.54, 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 $0.21 or 28% between the weekly low and the weekly high.

In the period September 15 - September 21, the trading volume of Minto went from $169 on the first day of the reviewed period to $8 314 on the closing day. A more comprehensive analysis of BTCMT price action requires the comparison of the trading volume between September 15 and September 21 with that from the preceding week that demonstrated how the trading volume fluctuated between $115 and $4 898. Percentage-wise, the trading volume of the asset changed by 51%, in comparison to the previous period, while its price experienced a 28% adjustment.

The change in the total market capitalization of Minto from September 15 to September 21 was as follows: on September 15, the capitalization was at $1 825 853, while on September 21, it reached the level of $1 418 562. The percentage change in the total market capitalization of BTCMT amounted to 22%. The price of the coin changed by 28% on the back of the 22% shift in its total market capitalization. During the week before the analyzed time frame, the market capitalization of Minto moved by 14% as it went from $1 600 338 to $1 819 657, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 21 | September 15 - 21

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