Coins
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NFTrade
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2022-09-12

A 13% drop on the NFTrade market last week (September 6 - September 12) signals that the sellers are gaining strength.

The bearish behavior of NFTrade last week was characterized by the occurrence of downswings. The situation on the NFTD 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. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The price action of NFTrade has been contained due to modest volatility. The market analysis reveals that the mild average volatility of 7% restrained NFTD 's price swings. The highest point of the coin's volatility reached 9.13% in the analyzed time frame. The asset saw its volatility drop to the lowest level for the given period on September 10 as it shrank to 1.49%. Since the volatility of 7% can be deemed as mild, the crypto coin's market can be characterised as composed.

The price of NFTD took a 9% down downswing at the open of the weekly trading period. The 5% move in the downward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of NFTrade stood at 2% having reached the low at $0.1 and the high at $0.1 as the advantage remained on the side of sellers. The next trading session was characterized by more price action (as NFTD made a 3% move) on the back of the consistent trading volume. After the open at $0.1, NFTrade moved during September 10 in the range between the said open and the close at $0.1, having posted the 24H low at $0.1 and the 24H high at $0.1. The crypto coin opened the trading session on September 11 at $0.1 and finalized it at $0.1; the highest point of price action was at $0.1, the lowest was detected at $0.1. Between the 24H high at $0.098 and the 24H low at $0.092, the coin was traded in the $0.1 - $0.09 price corridor. Over the course of all trading sessions, the asset established the weekly low at $0.09 while buyers managed to push the price up to the weekly high at $0.12. Traders saw NFTrade covering the $0.01 distance between the weekly low and the weekly high, which constituted for a 13% move.

Over the period of the last 7 days, September 6 to September 12, NFTrade saw its average trading volume fluctuate between $284 403 and $78 353. We can draw the comparison with the period of 7 days that preceded the reviewed one when NFTD ’s trading volume varied from $48 003 to $181 810. The 67% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 13%.

The change in the total market capitalization of NFTrade from September 6 to September 12 was as follows: on September 6, the capitalization was at $4 056 671, while on September 12, it reached the level of $3 401 452. When translated to percentage rate, the market capitalization of NFTD over the past week adjusted by 16%. The 16% change in the coin's market capitalization affected the price rate that saw a 13% shift in the same time period. During the week before the analyzed time frame, the market capitalization of NFTrade moved by 6% as it went from $3 872 496 to $3 652 431, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 12 | September 6 - 12

Market reviews for similar coins for September 6 - 12