Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has dropped 1.09% to $305.42.
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!
Low Volatility
InvestorsObserver gives Bitcoin Cash a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.The Volatility Gauge follows 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 near $297.02 and resistance set at $311.25. This positions Bitcoin Cash with room to run before facing selling pressures.