Down by 2% : The TRON market saw some bearish action last week (September 18 - September 24).
Between September 18 - September 24, 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 past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The price action of TRON is in a stalemate due to low volatility during the observed period. Our data shows that the average volatility of TRX didn't exceed 0.3%, which is why its price remained constrained. The peak of the coin's volatility for the given time period was reached on September 22 when this parameter went as low as 3.17%. The weakest volatility level of 0.3% on the asset's market was registered on September 23. The unimpressive volatility of 0.3% showcases the overall weakness of the crypto coin.
There were no gains or losses to the TRX market on September 18, it remained flat. The market sentiment on September 19 stayed bearish as the coin obtained another 3%. The price range of TRON formed between $0.06 and $0.06 on September 20 as the price traveled 1% down. The TRX market was up as the price shifted by 2% on September 21, against the backdrop of the sufficient trading volume. On September 22, TRON finished the trading day with no changes to the flatlined market. The price action on September 23 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 $0.06 and the low of the day at $0.06. On the last day of the reviewed period, the coin was locked between $0.06 and $0.06, though the price managed to puncture these levels to reach the 24H high at $0.06 and the 24H low 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. TRON shaped the $0.002 price range over the week of price action, which constituted the 2% gap between the weekly low and the weekly high.
The trading activity on the TRON market over the past week - September 18 to September 24 - generated the average trading volume that went from $235 935 048 to $351 152 439. Over the week that came before the analyzed time span, the average trading volume of TRX ranged between $299 237 778 and $413 963 304. The average trading volume of the asset fluctuated by 7% by comparison with the previous period, whereas the price change of 2% took place over the same period of time.
Bitcoin began the observed period September 18 - September 24, with the market capitalization of $5 748 774 371 and finalized it at the market capitalization level of $5 598 835 620. 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 2%. During the week before the analyzed time frame, the market capitalization of TRON moved by 5% as it went from $5 962 549 288 to $5 663 257 424, and gave a better understanding of the general direction in which this market is flowing.