A 12% drop on the Baby Doge Coin market last week (September 10 - September 16) signals that the sellers are gaining strength.

Baby Doge Coin has been bearish last week as its price has been predominantly falling. The situation on the BABYDOGE market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The analysis of events on the Baby Doge Coin market shows that the cryptocurrency under review is experiencing a period of low volatility. Our data shows that the average volatility of BABYDOGE didn't exceed 0.6%, which is why its price remained constrained. Despite the overall weak performance, the volatility of the coin had its highest point at 4.61%. The weakest volatility level of 0.6% on the asset's market was registered on September 15. Since the crypto coin is displaying low levels of volatility, the price action is likely to remain feeble.

On September 10, the Baby Doge Coin market opened at $0.000000001, preceded by a period of bearish action. The price of BABYDOGE took a 2% up upswing at the open of the weekly trading period. The coin market was up by 1% on September 11, the second day of the reviewed time period. On September 12, the market was moving to the downside as Baby Doge Coin went 1% down from the low at $0.00000000125 to the high at $0.0000000013. BABYDOGE ’s performance during September 13 was the following: the price declined by 4% in conjunction with the acceptable trading volume. September 14 kicked off with Baby Doge Coin trading opening at $0.000000001 and then closing the session at $0.000000001, establishing the 24H low at $0.00000000115 and 24H high at $0.00000000119 in the process. The crypto coin opened the trading session on September 15 at $0.000000001 and finalized it at $0.000000001; the highest point of price action was at $0.00000000118, the lowest was detected at $0.00000000114. The coin found the deepest trough (24H low) at $0.00000000111 on September 16 and then exploded to the ceiling (24H high) at $0.00000000116; the price range for that day was between $0.000000001 and $0.000000001. The price action on the asset's market during the period between September 10 and September 16 topped at $0.0000000013, while the bottom of the price range was established 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 $0.0000000001 or 12% between the weekly low and the weekly high.

In the period September 10 - September 16, the trading volume of Baby Doge Coin went from $5 906 020 on the first day of the reviewed period to $4 296 906 on the closing day. A more comprehensive analysis of BABYDOGE price action requires the comparison of the trading volume between September 10 and September 16 with that from the preceding week that demonstrated how the trading volume fluctuated between $3 412 625 and $4 925 366. The average trading volume of the asset fluctuated by 20% by comparison with the previous period, whereas the price change of 12% took place over the same period of time.

The change in the total market capitalization of Baby Doge Coin from September 10 to September 16 was as follows: on September 10, the capitalization was at $195 227 356, while on September 16, it reached the level of $182 561 489. When translated to percentage rate, the market capitalization of BABYDOGE over the past week adjusted by 6%. When compared to the price fluctuations during the observed period of time, the 6% market capitalization movement was accompanied by a 12% change in the price of the coin. Baby Doge Coin ’s market capitalization from the week before changed by 5%, as the result of fluctuation between $192 703 868 and $195 227 356, to give a clearer vision of the current state of the market.

Sep 11Tue 13Thu 15Sep 11Tue 13Thu 150.000000001100.000000001150.000000001200.000000001250.000000001100.000000001150.000000001200.00000000125
Article date: September 16 | September 10 - 16

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