The bears had a field day between September 9 and September 15 as NFTrade got knocked down by 13%.
NFTrade has been bearish last week as its price has been predominantly falling. The price swings of NFTD pointed to the presence of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The current state of affairs on the cryptocurrency market allows us to draw the conclusion that NFTrade is now going through the cycle of low volatility. The insignificant movement of the NFTD market came as the result of low average volatility that amounted to 0.37%. The peak of the coin's volatility for the given time period was reached on September 13 when this parameter went as low as 5.5%. The quietest period on the asset's market was recorded on September 13, when the volatility dropped to the minimum at 0.37%. The low volatility of 0.37% means that the crypto coin is weak and incapable of any sizable price swings.
The price of NFTD took a 3% up upswing at the open of the weekly trading period. The price action of the coin remained on September 10 as the pushed the price down by 2%. 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. On September 13, NFTD market moved by 5% in the bearish direction in concert with the trading volume. On September 13, NFTrade finished the trading day with no changes to the flatlined market. While the 24H high and low on September 14 were at $0.093 and $0.09, respectively, the crypto coin had been traded in the area between the open at $0.09 and the close at $0.09. On the last day of the reviewed period, the coin was locked between $0.09 and $0.09, though the price managed to puncture these levels to reach the 24H high at $0.09 and the 24H low at $0.09. The price action on the asset's market during the period between September 9 and September 15 topped at $0.1, while the bottom of the price range was established at $0.09. NFTrade bounced 13% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.01.
As for the average trading volume in the time slot between September 9 and September 15, the NFTrade market registered the change from $93 088 to $69 307. During the week before September 9, the trading volume of NFTD flowed from $48 003 to $284 403. Percentage-wise, the trading volume of the asset changed by 27%, in comparison to the previous period, while its price experienced a 13% adjustment.
Bitcoin began the observed period September 9 - September 15, with the market capitalization of $3 498 392 and finalized it at the market capitalization level of $3 138 903. The rate of percentage change for the last week for NFTD was 10%. When compared to the price fluctuations during the observed period of time, the 10% market capitalization movement was accompanied by a 13% change in the price of the coin. During the week before the analyzed time frame, the market capitalization of NFTrade moved by 7% as it went from $3 816 535 to $3 544 000, and gave a better understanding of the general direction in which this market is flowing.