Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has declined 1.27% to $330.04.
InvestorsObserver is giving Bitcoin Cash a 10 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 10, placing it in the bottom 10% of cryptos on the market.The Volatility Gauge takes into account 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 in a good position going forward. With support near $321.49 and resistance near $334.8. This positions Bitcoin Cash with room to run before facing selling pressures.