Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has dropped 1.26% to $240.48.
Moderately Volatile
InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 49, placing it in the bottom 49% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
BCH’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Bitcoin Cash price is trading near resistance. With support near $237.78 and resistance around $241.14. 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.
