A 8% price increase last week (November 18 - November 24) confirms the bullishness of Tenset.
Between November 18 - November 24, Tenset has been mostly as its price has been in the rising mode. 10SET has been going through a period of medium volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Tenset has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 14% restrained 10SET 's price swings. The highest point of the coin's volatility reached 15.84% in the analyzed time frame. The asset's volatility was at its lowest on November 22 when it dropped to 0.31%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
The price of 10SET took a 1% up upswing at the open of the weekly trading period. The price action of the coin remained on November 19 as the pushed the price up by 2%. During the following trading period on November 20, the price of Tenset oscillated between the low at $0.96 and the high at $1.01, while the price moved up by 2%. On November 22, 10SET market moved by 10% in the bearish direction in concert with the trading volume. November 22 kicked off with Tenset trading opening at $0.91 and then closing the session at $0.92, establishing the 24H low at $0.9 and 24H high at $0.95 in the process. While the 24H high and low on November 23 were at $1.07 and $0.95, respectively, the crypto coin had been traded in the area between the open at $0.95 and the close at $1.06. The coin's market saw no changes on November 24, as the market flatlined. $0.9 was the bottom of price action for the week, though the price went to the high extreme at $1.07 over the same time period. The difference between the lowest and the highest price points for the week was 8%, as the price moved in the $0.08 wide corridor.
Tenset ’s average trading volume on the opening day of the observed time period, November 18, stood at $78 149, while on the closing day of the same period, it moved to $83 917. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the 10SET market had its volume ranging between $115 470 and $241 472. The average trading volume of the asset fluctuated by 54% by comparison with the previous period, whereas the price change of 8% took place over the same period of time.
Tenset had its total market capitalization change from $176 633 381 on November 18 to $193 828 352 on November 24, the end of the examined time frame. The percentage change in the total market capitalization of 10SET amounted to 10%. While the market capitalization of the coin was altered by 10%, its price has made a 8% change. Tenset ’s market capitalization from the week before changed by 9%, as the result of fluctuation between $192 519 314 and $176 633 381, to give a clearer vision of the current state of the market.