Buyers weakened their grip on the TRON market (September 4 - September 10) as the price rose only by 1%.

Between September 4 - September 10, TRON has been mostly as its price has been in the rising mode. The volatility associated with the TRX market was low, as were its price fluctuations. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

According to our market analysis, the weak price movement of TRON was dictated by low volatility. The average volatility of TRX was capped at 0.18%, leading to weak fluctuations in the price of TRON. Despite the overall weak performance, the volatility of the coin had its highest point at 3.79%. The asset experienced the period of lowest volatility on September 9 when it fell to 0.18%. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.

TRX made a 1% step in an upward direction during the first daily trading session that took place on September 4. September 5 saw the coin going another 1% since the open, supported by the corresponding trading volume. The price range of TRON formed between $0.061 and $0.064 on September 6 as the price traveled 2% down. On September 7, the value of TRX was in the range, with the market remaining flat. On September 8, TRON finished the trading day with no changes to the flatlined market. The activity on the crypto coin's market on September 9 resulted in the asset being traded between $0.06, the open of the day, and $0.06, the close of the day; at some point, the price spiked to the daily high at $0.063 and briefly dropped to the daily low at $0.061. As for the occurrences on September 10, the price of the coin bottomed at $0.063 and peaked at $0.064, while its daily range formed between $0.06 and $0.06. Over the course of all trading sessions, the asset established the weekly low at $0.06 while buyers managed to push the price up to the weekly high at $0.064. TRON shaped the $0.0007 price range over the week of price action, which constituted the 1% gap between the weekly low and the weekly high.

TRON ’s average trading volume on the opening day of the observed time period, September 4, stood at $186 599 249, while on the closing day of the same period, it moved to $390 241 197. Over the week that came before the analyzed time span, the average trading volume of TRX ranged between $209 539 336 and $608 488 937. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 10%, and the 1% price shift.

TRX experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. TRON market capitalization from the week before experienced no change, as a result there were no price fluctuations.

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Article date: September 10 | September 4 - 10

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