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 dropped 6.07% to $128.89.
InvestorsObserver is giving Bitcoin Cash a 19 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 19, placing it in the bottom 19% 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 is paired 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 trading near resistance. With support near $123.12 and resistance at $128.95. This positions Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.