TRON slid down by 3% last week (September 11 - September 17) as the sellers pushed back.

Between September 11 - September 17, TRON has been mostly bearish as its price has been in the falling mode. The price swings of TRX pointed to the presence of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The volatility is low on the TRON market, as the latest data suggests. The average volatility of TRX was capped at 0.03%, leading to weak fluctuations in the price of TRON. The peak of the coin's volatility for the given time period was reached on September 15 when this parameter went as low as 3.13%. The weakest volatility level of 0.03% on the asset's market was registered on September 16. The volatility of 0.03% is too low for the crypto coin to engage in any attention-worthy price action.

There were no gains or losses to the TRX market on September 11, it remained flat. The coin market was down by 1% on September 12, the second day of the reviewed time period. The bears dominated the price action during the following trading period as the price drifted 3% to the downside, having established the low for the reviewed time frame at $0.061, while the high was recorded at $0.064. On September 14, the value of TRX was in the range, with the market remaining flat. On September 15, TRON finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on September 16 at $0.06 and finalized it at $0.06; the highest point of price action was at $0.062, the lowest was detected at $0.061. Most trading activity on September 17 occurred in the space between $0.06 and $0.06; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.061, though the bulls had also staged the rally to the 24H high at $0.062. The asset posted the weekly low at $0.061, while the top of the weekly trading session was registered at $0.065. As a result of price action within the designated time period, the price movement range on the TRON market was established at $0.002 or 3% between the weekly low and the weekly high.

The past 7 days were marked by a change in average daily trading volume from $363 819 516 on September 11 to $322 705 652 on September 17. We can draw the comparison with the period of 7 days that preceded the reviewed one when TRX ’s trading volume varied from $186 599 249 to $401 388 790. The 18% trading volume fluctuation between September 11 and September 17, as compared with the previous period, served as a basis for a 3% price move.

The total market capitalization of TRON during the past 7-day oscillated between $5 962 549 288, the starting point that was established on September 11, and $5 663 257 424 on September 17, the end date of the reviewed period. The rate of percentage change for the last week for TRX was 5%. When compared to the price fluctuations during the observed period of time, the 5% market capitalization movement was accompanied by a 3% change in the price of the coin. During the week before the analyzed time frame, the market capitalization of TRON moved by 0% as it went from $5 838 234 403 to $5 855 650 753, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 17 | September 11 - 17

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