TRON slid down by 1% last week (September 22 - September 28) as the sellers pushed back.
The price of TRON was falling last from September 22 until September 28, giving enough reason to conclude that the market is bearish. TRX has been going through a period of low volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
According to our market analysis, the weak price movement of TRON was dictated by low volatility. Our data shows that the average volatility of TRX didn't exceed 0.24%, which is why its price remained constrained. The maximum volatility of the coin stood at 2.02% in the analyzed time frame. The weakest volatility level of 0.24% on the asset's market was registered on September 27. The low volatility of 0.24% means that the crypto coin is weak and incapable of any sizable price swings.
There were no gains or losses to the TRX market on September 22, it remained flat. September 23 saw the coin going another 1% since the open, supported by the corresponding trading volume. During the next trading day, the rate of change in the price of TRON stood at 1% having reached the low at $0.06 and the high at $0.06 as the advantage remained on the side of buyers. On September 25, the value of TRX was in the range, with the market remaining flat. On September 26, TRON finished the trading day with no changes to the flatlined market. The trading period on September 27 saw the crypto coin forming the price amplitude between the open at $0.06 and the close at $0.06, also interacting with $0.06 (24H low) and $0.06 (24H high). The coin's market saw no changes on September 28, as the market flatlined. The asset posted the weekly low at $0.06, while the top of the weekly trading session was registered at $0.06. TRON bounced 1% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.0006.
Over the period of the last 7 days, September 22 to September 28, TRON saw its average trading volume fluctuate between $412 783 385 and $315 174 105. We can draw the comparison with the period of 7 days that preceded the reviewed one when TRX ’s trading volume varied from $235 935 048 to $374 875 462. The average trading volume of the asset fluctuated by 0% by comparison with the previous period, whereas the price change of 1% took place over the same period of time.
TRX experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. TRON market capitalization from the week before experienced no change, as a result there were no price fluctuations.