Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has added 0.53% to $372.89.
InvestorsObserver is giving Bitcoin Cash a 8 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 8, placing it in the bottom 8% of cryptos on the market.The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 set at $364.2 and resistance around $380.89. This positions Bitcoin Cash with room to run before facing selling pressures.