Baby Doge Coin analysis September 11 - September 17 : bears in all-out attack as the price collapses by 11%.
The price of Baby Doge Coin was falling last from September 11 until September 17, giving enough reason to conclude that the market is bearish. The volatility of BABYDOGE has been low throughout the reviewed period in correspondence with the price action. 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.
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 0.6%, which is indicative of weak price action. The maximum volatility of the coin stood at 4.61% in the analyzed time frame. On September 16, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.6%. The volatility of 0.6% is too low for the crypto coin to engage in any attention-worthy price action.
On September 11, the Baby Doge Coin market opened at $0.000000001, preceded by a period of bearish action. The price of BABYDOGE took a 1% up upswing at the open of the weekly trading period. The 1% move in the downward direction took place on the second day after the weekly open. During the following trading period on September 13, the price of Baby Doge Coin oscillated between the low at $0.0000000012 and the high at $0.0000000013, while the price moved down by 4%. The next trading session was characterized by more price action (as BABYDOGE made a 1% move) on the back of the consistent trading volume. Baby Doge Coin finalized the trading day of September 15 at $0.000000001 after opening it at $0.000000001, though the price broke through that corridor to hit the 24H high at $0.00000000118 and the 24H low at $0.00000000114. The price action on September 16 saw the crypto coin moving along the following route: starting point at $0.000000001 and closing point at $0.000000001, while it also deviated to establish the high of the day at $0.00000000116 and the low of the day at $0.00000000111. The coin found the deepest trough (24H low) at $0.00000000112 on September 17 and then exploded to the ceiling (24H high) at $0.00000000115; the price range for that day was between $0.000000001 and $0.000000001. $0.0000000011 was the bottom of price action for the week, though the price went to the high extreme at $0.0000000013 over the same time period. The price action on the weekly time frame made Baby Doge Coin within the 11% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.0000000001.
In the period September 11 - September 17, the trading volume of Baby Doge Coin went from $5 956 924 on the first day of the reviewed period to $4 114 530 on the closing day. During the week before September 11, the trading volume of BABYDOGE flowed from $3 412 625 to $5 906 020. The average trading volume of the asset fluctuated by 8% by comparison with the previous period, whereas the price change of 11% took place over the same period of time.
The total capitalization of Bitcoin at the start of the analyzed time period (September 11) amounted to $206 418 521; by the end of that period (September 17), the capitalization went to $180 268 661. Percentage-wise, the market capitalization of BABYDOGE has shifted by 13% in the past week. As a consequence of the 13% fluctuation in its market capitalization, the price of the coin changed by 11%. Baby Doge Coin ’s market capitalization from the week before changed by 1%, as the result of fluctuation between $192 814 198 and $206 418 521, to give a clearer vision of the current state of the market.