Coins
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TRON
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2022-09-19

TRON slid down by 3% last week (September 13 - September 19) as the sellers pushed back.

TRON has been bearish last week as its price has been predominantly falling. The volatility of TRX has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The current state of affairs on the cryptocurrency market allows us to draw the conclusion that TRON is now going through the cycle of low volatility. The average volatility of TRX was as low as 0.03%, causing the dull price action. In the period between September 13 and September 19, the volatility of the coin peaked at 0.03%. The asset experienced the period of lowest volatility on September 18 when it fell to 0.03%. The crypto coin's low volatility of 0.03% points to the weakness of all market participants.

The first day of price action was marked by the 3% move to the downside from the point where the trading session opened. On September 14 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 15, with the TRON market remaining flat. TRX ’s performance during September 16 was the following: the price declined by 1% in conjunction with the acceptable trading volume. The price oscillation of TRON on September 17 was in the $0.06 - $0.06 range; at the same time, the price stretched out to reach the 24H low at $0.061 and the 24H high at $0.062. No changes were observed on the crypto coin's market on September 18. Most trading activity on September 19 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 $0.06, though the bulls had also staged the rally to the 24H high at $0.06. The highest point of the price action over the week was at $0.06 - the weekly low during the same period was established at $0.06. The difference between the lowest and the highest price points for the week was 3%, as the price moved in the $0.002 wide corridor.

As for the average trading volume in the time slot between September 13 and September 19, the TRON market registered the change from $413 963 304 to $281 328 571. A more comprehensive analysis of TRX price action requires the comparison of the trading volume between September 13 and September 19 with that from the preceding week that demonstrated how the trading volume fluctuated between $255 160 963 and $401 388 790. The 2% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 3%.

The past week saw the market capitalization of TRON making a shift from $5 886 947 528 on September 13 to $5 635 593 768 on September 19, the peak for the analyzed period. TRX experienced a 4% change in total market capitalization throughout the past seven days. The said 4% percentage change in market capitalization of the coin was accompanied by the 3% fluctuation in the price of the underlying asset. In the preceding week, September 6 - September 12, the market capitalization of TRON got a 2% adjustment ($5 815 600 915 to $5 917 515 580) in comparison to a 4% change last week; this allows getting a deeper insight into the market structure.

Price
Volatility
Capitalization
Volume
Tue 13Thu 15Sat 17Mon 19Tue 13Thu 15Sat 17Mon 190.06000.06050.06100.06150.06200.06000.06050.06100.06150.0620
Article date: September 19 | September 13 - 19

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