Coins
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NFTrade
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2022-09-13

NFTrade lost 8% in the period September 7 - September 13 as a result of selling pressure.

The downward movement of the NFTrade price last week indicates the chosen market is bearish. The volatility associated with the NFTD market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

NFTrade has been moving reservedly on the backdrop of average volatility. Given that the average volatility on the NFTD market didn't exceed 5%, the price action remained limited. The most significant volatility occurred on September 7 and reached 5.5%. 0.37% was the rock bottom for the asset's volatility that was reached on September 11. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 5%.

While the overall situation on the NFTrade market was bearish, the trading session on September 7 kicked off at the $0.11 price level. The first day of price action was marked by the 5% move to the downside from the point where the trading session opened. The market sentiment on September 8 stayed bearish as the coin obtained another 2%. The bulls dominated the price action during the following trading period as the price drifted 3% to the upside, having established the low for the reviewed time frame at $0.1, while the high was recorded at $0.1. The next trading session was characterized by more price action (as NFTD made a 2% move) on the back of the consistent trading volume. The developments on the NFTrade market on September 11 started with the price opening at $0.1 and subsequently moving to $0.1, the close of the day, while dropping to the 24H low at $0.1 and spiking to the 24H high at $0.1. While the 24H high and low on September 12 were at $0.098 and $0.092, respectively, the crypto coin had been traded in the area between the open at $0.1 and the close at $0.09. The coin's market saw no changes on September 13, as the market flatlined. 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 $0.11. The difference between the lowest and the highest price points for the week was 8%, as the price moved in the $0.008 wide corridor.

The trading activity on the NFTrade market over the past week - September 7 to September 13 - generated the average trading volume that went from $125 512 to $62 182. In order to have a better grasp of the NFTD 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 $48 003 to $284 403. Percentage-wise, the trading volume of the asset changed by 5%, in comparison to the previous period, while its price experienced a 8% adjustment.

NFTrade had its total market capitalization change from $3 716 705 on September 7 to $3 231 673 on September 13, the end of the examined time frame. The rate of percentage change for the last week for NFTD was 13%. The price of the coin changed by 8% on the back of the 13% shift in its total market capitalization. A more precise analysis of the NFTrade market also requires a comparison with the change in market capitalization from the week before, which amounted to 9% on the back of the move from $3 717 940 to $4 056 671.

Price
Volatility
Capitalization
Volume
Wed 07Fri 09Sep 11Tue 13Wed 07Fri 09Sep 11Tue 130.0920.0940.0960.0980.1000.1020.0920.0940.0960.0980.1000.102
Article date: September 13 | September 7 - 13

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