Slightly bearish : traders witnessed Baby Doge Coin moving down 5% from September 2 till September 8.

The bearish behavior of Baby Doge Coin last week was characterized by the occurrence of downswings. The situation on the BABYDOGE market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

Baby Doge Coin is experiencing low volatility, as confirmed by our comprehensive analysis. The data derived from our credible sources shows that the average volatility of BABYDOGE didn't exceed 0.33%, which is indicative of weak price action. The maximum volatility of the coin stood at 4.37% in the analyzed time frame. The weakest volatility level of 0.33% on the asset's market was registered on September 7. Since the current volatility of the crypto coin is low, we expect the price fluctuations of the digital asset at hand to be insignificant.

The price of BABYDOGE took a 2% up upswing at the open of the weekly trading period. On September 3 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on September 4, with the Baby Doge Coin market remaining flat. On September 5, the value of BABYDOGE was in the range, with the market remaining flat. After the open at $0.000000001, Baby Doge Coin moved during September 6 in the range between the said open and the close at $0.000000001, having posted the 24H low at $0.0000000012 and the 24H high at $0.0000000012. The crypto coin opened the trading session on September 7 at $0.000000001 and finalized it at $0.000000001; the highest point of price action was at $0.00000000118, the lowest was detected at $0.00000000113. On the last day of the reviewed period, the coin was locked between $0.000000001 and $0.000000001, though the price managed to puncture these levels to reach the 24H high at $0.0000000012 and the 24H low at $0.0000000012. During the reviewed time period, the asset was able to achieve the weekly high at $0.0000000012, though at a certain point, the bear pressurized the price down to the weekly low at $0.0000000011. As a result of price action within the designated time period, the price movement range on the Baby Doge Coin market was established at $0.00000000006 or 5% between the weekly low and the weekly high.

As for the average trading volume in the time slot between September 2 and September 8, the Baby Doge Coin market registered the change from $4 595 897 to $4 925 366. A more comprehensive analysis of BABYDOGE price action requires the comparison of the trading volume between September 2 and September 8 with that from the preceding week that demonstrated how the trading volume fluctuated between $3 757 246 and $4 766 854. The average trading volume of the asset fluctuated by 6% by comparison with the previous period, whereas the price change of 5% took place over the same period of time.

The total market capitalization of Baby Doge Coin during the past 7-day oscillated between $194 741 729, the starting point that was established on September 2, and $190 611 304 on September 8, the end date of the reviewed period. 2% was the calculated percentage change for the BABYDOGE market over the past week. The 2% change in the coin's market capitalization affected the price rate that saw a 5% shift in the same time period. The comparison with the Baby Doge Coin market capitalization seen during the time period August 26 - September 1 that occurred before the observed one, which changed by 10%, from $213 388 390 to $191 637 582, allows us to get a clearer understanding of current market conditions.

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Article date: September 8 | September 2 - 8

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