September 1 - September 7 price action review: Tenset goes down by 8%.

The bearish behavior of Tenset last week was characterized by the occurrence of downswings. The volatility associated with the 10SET market was low, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.

The current state of affairs on the cryptocurrency market allows us to draw the conclusion that Tenset is now going through the cycle of low volatility. The average volatility of 10SET was capped at 0%, leading to weak fluctuations in the price of Tenset. The peak of the coin's volatility for the given time period was reached on September 5 when this parameter went as low as 3.91%. The price action on the asset's market was the weakest on September 6 when the volatility was at 0%, the minimum for the given period of time. The unimpressive volatility of 0% showcases the overall weakness of the crypto coin.

The price of 10SET took a 2% down downswing at the open of the weekly trading period. On September 2 the coin market stayed neutral, with no changes in the price. During the following trading period on September 3, the price of Tenset oscillated between the low at $2.31 and the high at $2.36, while the price moved up by 1%. The trading volume on September 4 rendered support to the 2% bullish move of 10SET. The price oscillation of Tenset on September 5 was in the $2.35 - $2.3 range; at the same time, the price stretched out to reach the 24H low at $2.26 and the 24H high at $2.38. The activity on the crypto coin's market on September 6 resulted in the asset being traded between $2.29, the open of the day, and $2.21, the close of the day; at some point, the price spiked to the daily high at $2.33 and briefly dropped to the daily low at $2.21. The coin found the deepest trough (24H low) at $2.12 on September 7 and then exploded to the ceiling (24H high) at $2.23; the price range for that day was between $2.23 and $2.15. During the reviewed time period, the asset was able to achieve the weekly high at $2.39, though at a certain point, the bear pressurized the price down to the weekly low at $2.12. Traders saw Tenset covering the $0.18 distance between the weekly low and the weekly high, which constituted for a 8% move.

Tenset ’s average trading volume on the opening day of the observed time period, September 1, stood at $1 155 840, while on the closing day of the same period, it moved to $1 085 091. In order to have a better grasp of the 10SET 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 $339 740 to $1 353 950. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 8%, and the 8% price shift.

Tenset had its total market capitalization change from $449 980 509 on September 1 to $408 864 136 on September 7, the end of the examined time frame. 10SET experienced a 9% change in total market capitalization throughout the past seven days. The said 9% percentage change in market capitalization of the coin was accompanied by the 8% fluctuation in the price of the underlying asset. The comparison with the Tenset market capitalization seen during the time period August 25 - August 31 that occurred before the observed one, which changed by 14%, from $520 014 670 to $444 671 937, allows us to get a clearer understanding of current market conditions.

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Article date: September 7 | September 1 - 7

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