Bitcoin Cash (BCH) Falls 0.02%, Underperforms the Crypto Market Friday

Friday, May 06, 2022 02:18 PM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has declined 1.6% to $272.7.

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!
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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 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 in a favorable position going forward. With support near $260.79 and resistance at $289.13. This positions Bitcoin Cash with room to run before facing selling pressures.

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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