The bears had a field day between September 11 and September 17 as NFTrade got knocked down by 15%.

The downward movement of the NFTrade price last week indicates the chosen market is bearish. The price swings of NFTD pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The situation on the NFTrade market allows us to characterise its volatility as mild. The average volatility of 6% was the reason why the price of NFTD didn't put up any significant gains. The volatility of the coin reached its highest point at 7.17% during the observed period. The asset's volatility was at its lowest on September 15 when it dropped to 0.37%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

The trading session on September 11 started with NFTrade opening at $0.1 on the backdrop of bearish sentiment throughout the market. The price action of the coin remained bearish on September 12 as the bears pushed the price down by 5%. The cautious traders dominated the price action on September 13, with the NFTrade market remaining flat. Over the next trading period (on September 14), NFTD was moving down by 1% on the back of a congruous trading volume. NFTrade finalized the trading day of September 15 at $0.09 after opening it at $0.09, though the price broke through that corridor to hit the 24H high at $0.09 and the 24H low at $0.09. On September 16, the crypto coin showcased the following price fluctuations: the trading session began at $0.09 and then traveled from the low of the day at $0.083 to the high of the day at $0.089, closing at $0.08. September 17 presented us with the following price action data: the coin opened the period at $0.08 and went on to establish the low at $0.082 and the high of the day at $0.084 before closing the day at $0.08. Over the course of all trading sessions, the asset established the weekly low at $0.08 while buyers managed to push the price up to the weekly high at $0.1. As a result of price action within the designated time period, the price movement range on the NFTrade market was established at $0.01 or 15% between the weekly low and the weekly high.

The past 7 days were marked by a change in average daily trading volume from $52 236 on September 11 to $213 100 on September 17. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the NFTD market had its volume ranging between $48 003 and $284 403. The 25% 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 15%.

Bitcoin began the observed period September 11 - September 17, with the market capitalization of $3 487 802 and finalized it at the market capitalization level of $2 921 813. NFTD experienced a 16% change in total market capitalization throughout the past seven days. The 16% change in the coin's market capitalization affected the price rate that saw a 15% shift in the same time period. A better understanding of the lay of the land on the NFTrade market requires a comparison with the preceding week when the total market capitalization of NFTrade changed by 5% as it went from $3 743 700 to $3 487 802.

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Article date: September 17 | September 11 - 17

Market reviews for similar coins for September 11 - 17