Bearish response: The Baby Doge Coin price melts by 3% between September 15 and September 21.

The price of Baby Doge Coin was falling last from September 15 until September 21, giving enough reason to conclude that the market is bearish. BABYDOGE has been going through a period of low volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The current state of affairs on the cryptocurrency market allows us to draw the conclusion that Baby Doge Coin is now going through the cycle of low volatility. The average volatility of BABYDOGE was capped at 0.37%, leading to weak fluctuations in the price of Baby Doge Coin. In the period between September 15 and September 21, the volatility of the coin peaked at 0.37%. The weakest volatility level of 0.37% on the asset's market was registered on September 20. The unimpressive volatility of 0.37% showcases the overall weakness of the crypto coin.

The trading session on September 15 started with Baby Doge Coin opening at $0.000000001 on the backdrop of bearish sentiment throughout the market. The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. The coin market was down by 3% on September 16, the second day of the reviewed time period. During the following trading period on September 17, the price of Baby Doge Coin oscillated between the low at $0.00000000112 and the high at $0.00000000115, while the price moved up by 2%. On September 19, BABYDOGE market moved by 3% in the bearish direction in concert with the trading volume. After the open at $0.000000001, Baby Doge Coin moved during September 19 in the range between the said open and the close at $0.000000001, having posted the 24H low at $0.000000001 and the 24H high at $0.0000000011. No changes were observed on the crypto coin's market on September 20. Between the 24H high at $0.0000000011 and the 24H low at $0.0000000011, the coin was traded in the $0.000000001 - $0.000000001 price corridor. Over the course of all trading sessions, the asset established the weekly low at $0.000000001 while buyers managed to push the price up to the weekly high at $0.0000000012. Traders saw Baby Doge Coin covering the $0.00000000004 distance between the weekly low and the weekly high, which constituted for a 3% move.

As for the average trading volume in the time slot between September 15 and September 21, the Baby Doge Coin market registered the change from $4 266 277 to $4 095 069. Over the week that came before the analyzed time span, the average trading volume of BABYDOGE ranged between $4 357 813 and $5 956 924. The 20% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 3%.

Baby Doge Coin had its total market capitalization change from $186 126 206 on September 15 to $172 075 035 on September 21, the end of the examined time frame. BABYDOGE experienced a 8% change in total market capitalization throughout the past seven days. The said 8% percentage change in market capitalization of the coin was accompanied by the 3% fluctuation in the price of the underlying asset. During the week before the analyzed time frame, the market capitalization of Baby Doge Coin moved by 1% as it went from $190 611 304 to $188 343 859, and gave a better understanding of the general direction in which this market is flowing.

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Article date: September 21 | September 15 - 21

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