Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has lost 14.05% to $200.28.
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 tracks this makes its score defined by recent trends, rather than a bad day. 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 $178.22 and resistance at $208.37. This leaves Bitcoin Cash with room to run before facing selling pressures.