Coins
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Tenset
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2022-09-23

The September 17 - 23 market report: Tenset plunges by 18% as sellers apply more pressure.

Between September 17 - September 23, Tenset has been mostly bearish as its price has been in the falling mode. The volatility of 10SET has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The price action of Tenset has been contained due to modest volatility. During the reviewed period, the volatility of 10SET was in the middle register, averaging at 8%. The coin was the most volatile on September 17, when the range of its price fluctuations reached 10.27%. The asset's volatility was at its lowest on September 21 when it dropped to 1.6%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

While the overall situation on the Tenset market was bearish, the trading session on September 17 kicked off at the $1.6 price level. During the opening day on September 17, 10SET has had a 9% move to the downside. September 18 saw the coin going another 13% since the open, supported by the corresponding trading volume. The bears dominated the price action during the following trading period as the price drifted 5% to the downside, having established the low for the reviewed time frame at $1.19, while the high was recorded at $1.31. 10SET ’s performance during September 20 was the following: the price declined by 4% in conjunction with the acceptable trading volume. After the open at $1.23, Tenset moved during September 21 in the range between the said open and the close at $1.29, having posted the 24H low at $1.21 and the 24H high at $1.29. The crypto coin opened the trading session on September 22 at $1.25 and finalized it at $1.23; the highest point of price action was at $1.25, the lowest was detected at $1.22. As for the occurrences on September 23, the price of the coin bottomed at $1.19 and peaked at $1.26, while its daily range formed between $1.26 and $1.2. The asset posted the weekly low at $1.19, while the top of the weekly trading session was registered at $1.63. Traders saw Tenset covering the $0.26 distance between the weekly low and the weekly high, which constituted for a 18% move.

As for the average trading volume in the time slot between September 17 and September 23, the Tenset market registered the change from $1 752 831 to $418 008. A more comprehensive analysis of 10SET price action requires the comparison of the trading volume between September 17 and September 23 with that from the preceding week that demonstrated how the trading volume fluctuated between $347 813 and $2 360 201. The 26% 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 18%.

The past week saw the market capitalization of Tenset making a shift from $300 382 975 on September 17 to $232 862 224 on September 23, the peak for the analyzed period. The rate of percentage change for the last week for 10SET was 22%. While the market capitalization of the coin was altered by 22%, its price has made a 18% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $419 809 481 on September 10 and $306 515 476 on September 16, which translates to a 27% change.

Price
Volatility
Capitalization
Volume
Sat 17Mon 19Wed 21Fri 23Sat 17Mon 19Wed 21Fri 231.201.251.301.351.401.451.201.251.301.351.401.45
Article date: September 23 | September 17 - 23

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