Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has lost 1.22% to $109.06.
InvestorsObserver gives Bitcoin Cash a low volatility rank of 18, placing it in the bottom 18% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
BCH’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Bitcoin Cash price is trading near resistance. With support around $107.72 and resistance around $109.1. This positions Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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