TRON slid down by 2% last week (September 16 - September 22) as the sellers pushed back.

Between September 16 - September 22, TRON has been mostly bearish as its price has been in the falling mode. 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. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

The volatility is low on the TRON market, as the latest data suggests. Our data shows that the average volatility of TRX didn't exceed 0.28%, which is why its price remained constrained. The maximum volatility of the coin stood at 3.17% in the analyzed time frame. On September 21, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.28%. The low volatility of 0.28% means that the crypto coin is weak and incapable of any sizable price swings.

The trading session on September 16 started with TRON opening at $0.06 on the backdrop of bearish sentiment throughout the market. The price of TRX took a 1% down downswing at the open of the weekly trading period. On September 17, the price of the coin has shifted by 1% from the daily open on the back of a good trading volume. The cautious traders dominated the price action on September 18, with the TRON market remaining flat. The TRX market was down as the price shifted by 3% on September 19, against the backdrop of the sufficient trading volume. The developments on the TRON market on September 20 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 $0.06 and spiking to the 24H high at $0.06. The activity on the crypto coin's market on September 21 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 $0.06 and briefly dropped to the daily low at $0.06. The coin's market saw no changes on September 22, as the market flatlined. $0.06 was the bottom of price action for the week, though the price went to the high extreme at $0.06 over the same time period. As a result of price action within the designated time period, the price movement range on the TRON market was established at $0.001 or 2% between the weekly low and the weekly high.

TRON ’s average trading volume on the opening day of the observed time period, September 16, stood at $368 398 030, while on the closing day of the same period, it moved to $412 783 385. During the week before September 16, the trading volume of TRX flowed from $299 237 778 to $413 963 304. The average trading volume of the asset fluctuated by 11% by comparison with the previous period, whereas the price change of 2% took place over the same period of time.

The total market capitalization of TRON during the past 7-day oscillated between $5 657 919 387, the starting point that was established on September 16, and $5 476 597 033 on September 22, the end date of the reviewed period. The rate of percentage change for the last week for TRX was 3%. The said 3% percentage change in market capitalization of the coin was accompanied by the 2% fluctuation in the price of the underlying asset. In the preceding week, September 9 - September 15, the market capitalization of TRON got a 1% adjustment ($5 657 119 627 to $5 690 162 861) in comparison to a 3% change last week; this allows getting a deeper insight into the market structure.

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Article date: September 22 | September 16 - 22

Market reviews for similar coins for September 16 - 22