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 increased 4.57% to $110.3.
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
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 trading above resistance. With support around $102.95 and resistance at $109.19. This leaves Bitcoin Cash out of range and potentially in a volatile position if the rally burns out.
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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