Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 1.31% to $130.56.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
BCH’s low volatility reading pairs 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 in a favorable position going forward. With support near $125.27 and resistance around $134.59. 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter