Slightly bearish : traders witnessed TRON moving down 3% from September 12 till September 18.

The downward movement of the TRON price last week indicates the chosen market is bearish. The price swings of TRX pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.

The price action of TRON is in a stalemate due to low volatility during the observed period. The average volatility of TRX was as low as 0.03%, causing the dull price action. 3.13% was the maximum volatility that the coin managed to showcase on September 16. The quietest period on the asset's market was recorded on September 16, when the volatility dropped to the minimum at 0.03%. The volatility of 0.03% is too low for the crypto coin to engage in any attention-worthy price action.

The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The 3% move in the downward direction took place on the second day after the weekly open. The cautious traders dominated the price action on September 14, with the TRON market remaining flat. On September 15, the value of TRX was in the range, with the market remaining flat. September 16 kicked off with TRON trading opening at $0.06 and then closing the session at $0.06, establishing the 24H low at $0.061 and 24H high at $0.062 in the process. The price action on September 17 saw the crypto coin moving along the following route: starting point at $0.06 and closing point at $0.06, while it also deviated to establish the high of the day at $0.062 and the low of the day at $0.061. The coin's market saw no changes on September 18, as the market flatlined. $0.061 was the bottom of price action for the week, though the price went to the high extreme at $0.065 over the same time period. The price action on the weekly time frame made TRON within the 3% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.002.

TRON ’s average trading volume on the opening day of the observed time period, September 12, stood at $299 237 778, while on the closing day of the same period, it moved to $235 935 048. A more comprehensive analysis of TRX price action requires the comparison of the trading volume between September 12 and September 18 with that from the preceding week that demonstrated how the trading volume fluctuated between $197 806 014 and $401 388 790. The asset demonstrated an 3% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 3%.

The past week saw the market capitalization of TRON making a shift from $5 917 515 580 on September 12 to $5 748 774 371 on September 18, the peak for the analyzed period. 3% was the calculated percentage change for the TRX market over the past week. As a consequence of the 3% fluctuation in its market capitalization, the price of the coin changed by 3%. During the week before the analyzed time frame, the market capitalization of TRON moved by 2% as it went from $5 868 655 587 to $5 962 549 288, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 18 | September 12 - 18

Market reviews for similar coins for September 12 - 18