Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Digital Money has declined 0.38% to $114.15.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BCH’s low volatility reading is coupled 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 well positioned going forward. With support at $112.68 and resistance set at $115.39. This positions Bitcoin Cash with room to run before facing selling pressures.
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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