The bullish pressure subsides between September 7 and September 13 as Baby Doge Coin gains only 2%.
The analysis of last week’s price action shows that the Baby Doge Coin market is in the phase since the price has been moving upward. The price swings of BABYDOGE pointed to the presence of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The volatility has been suppressed, as the Baby Doge Coin price action suggests. The average volatility of 6% was the reason why the price of BABYDOGE didn't put up any significant gains. The largest volatility for the given period occurred on September 7 and amounted to 7.45%. The price of the asset had fluctuated the least on September 11, when the volatility plummeted to 1.35%. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.
BABYDOGE made a 1% step in an upward direction during the first daily trading session that took place on September 7. The coin market was down by 1% on September 8, the second day of the reviewed time period. The price range of Baby Doge Coin formed between $0.0000000012 and $0.0000000013 on September 9 as the price traveled 8% up. On September 11, BABYDOGE market moved by 2% in the bullish direction in concert with the trading volume. Baby Doge Coin finalized the trading day of September 11 at $0.000000001 after opening it at $0.000000001, though the price broke through that corridor to hit the 24H high at $0.0000000013 and the 24H low at $0.0000000013. On September 12, the crypto coin showcased the following price fluctuations: the trading session began at $0.000000001 and then traveled from the low of the day at $0.00000000125 to the high of the day at $0.0000000013, closing at $0.000000001. Most trading activity on September 13 occurred in the space between $0.000000001 and $0.000000001; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.0000000012, though the bulls had also staged the rally to the 24H high at $0.0000000013. The highest point of the price action over the week was at $0.0000000013 - the weekly low during the same period was established at $0.0000000011. Baby Doge Coin bounced 2% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.00000000002.
The past 7 days were marked by a change in average daily trading volume from $4 431 386 on September 7 to $4 952 649 on September 13. Over the week that came before the analyzed time span, the average trading volume of BABYDOGE ranged between $3 412 625 and $4 634 105. The asset demonstrated an 25% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 2%.
The past week saw the market capitalization of Baby Doge Coin making a shift from $185 392 820 on September 7 to $201 411 911 on September 13, the peak for the analyzed period. 9% was the calculated percentage change for the BABYDOGE market over the past week. While the market capitalization of the coin was altered by 9%, its price has made a 2% change. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $191 726 921 on August 31 and $191 750 754 on September 6, which translates to a 0% change.