Slightly bearish : traders witnessed TRON moving down 3% from September 9 till September 15.
The price of TRON was falling last from September 9 until September 15, giving enough reason to conclude that the market is. The price swings of TRX pointed to the presence of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
According to our market analysis, the weak price movement of TRON was dictated by low volatility. The insignificant movement of the TRX market came as the result of low average volatility that amounted to 0.03%. 3.79% was the maximum volatility that the coin managed to showcase on September 13. The calmest period on the asset's market was registered on September 14, when the volatility failed to exceed 0.03%. The crypto coin's low volatility of 0.03% points to the weakness of all market participants.
On September 9, the first trading session of the reviewed time period, the market participants saw TRX moving up by 4%. The market sentiment on September 10 stayed bullish as the coin obtained another 1%. The cautious traders dominated the price action on September 11, with the TRON market remaining flat. On September 13, TRX market moved by 1% in the bearish direction in concert with the trading volume. The developments on the TRON market on September 13 started with the price opening at $0.06 and subsequently moving to $0.06, the close of the day, while dropping to the 24H low at $0.061 and spiking to the 24H high at $0.061. No changes were observed on the crypto coin's market on September 14. The coin's market saw no changes on September 15, as the market flatlined. The price action on the asset's market during the period between September 9 and September 15 topped at $0.065, while the bottom of the price range was established at $0.061. TRON shaped the $0.002 price range over the week of price action, which constituted the 3% gap between the weekly low and the weekly high.
The past 7 days were marked by a change in average daily trading volume from $401 388 790 on September 9 to $316 815 638 on September 15. In order to have a better grasp of the TRX 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 $186 599 249 to $377 182 150. The asset demonstrated an 35% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 3%.
The total capitalization of Bitcoin at the start of the analyzed time period (September 9) amounted to $5 657 119 627; by the end of that period (September 15), the capitalization went to $5 690 162 861. Percentage-wise, the market capitalization of TRX has shifted by 1% in the past week. The 1% change in the coin's market capitalization affected the price rate that saw a 3% shift in the same time period. The comparison with the TRON market capitalization seen during the time period September 2 - September 8 that occurred before the observed one, which changed by 2%, from $5 849 628 938 to $5 720 667 279, allows us to get a clearer understanding of current market conditions.