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 dropped 0.79% to $122.8.
InvestorsObserver is giving Bitcoin Cash a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!
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 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 favorably positioned going forward. With support around $121.33 and resistance set at $124.79. This leaves Bitcoin Cash with room to run before facing selling pressures.
