Buyers weakened their grip on the Tenset market (September 22 - September 28) as the price rose only by 2%.
Tenset has been bearish last week as its price has been predominantly rising. 10SET was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
According to our market analysis, the weak price movement of Tenset was dictated by low volatility. Our data shows that the average volatility of 10SET didn't exceed 0.8%, which is why its price remained constrained. The maximum volatility of the coin stood at 5.98% in the analyzed time frame. The asset experienced the period of lowest volatility on September 27 when it fell to 0.8%. The unimpressive volatility of 0.8% showcases the overall weakness of the crypto coin.
The coin market was down by 5% on September 23, the second day of the reviewed time period. The price range of Tenset formed between $1.17 and $1.22 on September 24 as the price traveled 2% down. On September 26, 10SET market moved by 6% in the bullish direction in concert with the trading volume. September 26 kicked off with Tenset trading opening at $1.29 and then closing the session at $1.27, establishing the 24H low at $1.23 and 24H high at $1.3 in the process. The crypto coin opened the trading session on September 27 at $1.27 and finalized it at $1.25; the highest point of price action was at $1.3, the lowest was detected at $1.22. On the last day of the reviewed period, the coin was locked between $1.24 and $1.26, though the price managed to puncture these levels to reach the 24H high at $1.28 and the 24H low at $1.19. The highest point of the price action over the week was at $1.3 - the weekly low during the same period was established at $1.16. Tenset shaped the $0.03 price range over the week of price action, which constituted the 2% gap between the weekly low and the weekly high.
In the period September 22 - September 28, the trading volume of Tenset went from $170 595 on the first day of the reviewed period to $1 339 713 on the closing day. 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 $377 851 to $2 360 201. The asset demonstrated an 56% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 2%.
The change in the total market capitalization of Tenset from September 22 to September 28 was as follows: on September 22, the capitalization was at $229 884 532, while on September 28, it reached the level of $228 448 014. The percentage change in the total market capitalization of 10SET amounted to 1%. The price of the coin changed by 2% on the back of the 1% shift in its total market capitalization. Tenset ’s market capitalization from the week before changed by 40%, as the result of fluctuation between $380 692 555 and $229 884 532, to give a clearer vision of the current state of the market.