Coins
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Tenset
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2022-09-10

Bearish response: The Tenset price melts by 4% between September 4 and September 10.

The price of Tenset was falling last from September 4 until September 10, giving enough reason to conclude that the market is bearish. The situation on the 10SET market shows that the underlying asset is currently experiencing a period of medium volatility. 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.

Tenset has been moving reservedly on the backdrop of average volatility. During the reviewed period, the volatility of 10SET was in the middle register, averaging at 5%. The highest point of the coin's volatility reached 5.53% in the analyzed time frame. The asset saw its volatility drop to the lowest level for the given period on September 8 as it shrank to 0.43%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

The opening price of Tenset was at $2.32 on September 4, with sellers having a more visible presence on the market. The first day of price action was marked by the 2% move to the upside from the point where the trading session opened. The coin market was down by 2% on September 5, the second day of the reviewed time period. Tenset posted the interim low at $2.21 on September 6 and then moved down by 3% and peaked at $2.33. 10SET ’s performance during September 7 was the following: the price declined by 4% in conjunction with the acceptable trading volume. On September 8, Tenset finished the trading day with no changes to the flatlined market. The price action on September 9 saw the crypto coin moving along the following route: starting point at $2.19 and closing point at $2.29, while it also deviated to establish the high of the day at $2.3 and the low of the day at $2.16. September 10 presented us with the following price action data: the coin opened the period at $2.25 and went on to establish the low at $2.25 and the high of the day at $2.31 before closing the day at $2.27. During the reviewed time period, the asset was able to achieve the weekly high at $2.38, though at a certain point, the bear pressurized the price down to the weekly low at $2.12. As a result of price action within the designated time period, the price movement range on the Tenset market was established at $0.09 or 4% between the weekly low and the weekly high.

The trading activity on the Tenset market over the past week - September 4 to September 10 - generated the average trading volume that went from $1 198 565 to $1 413 501. Over the week that came before the analyzed time span, the average trading volume of 10SET ranged between $148 792 and $1 371 157. The 28% trading volume fluctuation between September 4 and September 10, as compared with the previous period, served as a basis for a 4% price move.

The past week saw the market capitalization of Tenset making a shift from $435 261 692 on September 4 to $419 809 481 on September 10, the peak for the analyzed period. When translated to percentage rate, the market capitalization of 10SET over the past week adjusted by 4%. The price of the coin changed by 4% on the back of the 4% shift in its total market capitalization. A better understanding of the lay of the land on the Tenset market requires a comparison with the preceding week when the total market capitalization of Tenset changed by 6% as it went from $464 399 967 to $435 261 692.

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Article date: September 10 | September 4 - 10

Market reviews for similar coins for September 4 - 10