Bitcoin Plus (XBC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has declined 33.21% to $3.26.
InvestorsObserver is giving Bitcoin Plus a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Plus!
Highly Volatile
InvestorsObserver gives Bitcoin Plus a high volatility rank of 94, placing it in the top 6% of cryptos on the market.The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. XBC's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin Plus price is favorably positioned going forward. With support set at $2.17 and resistance set at $3.82. This positions Bitcoin Plus with room to run before facing selling pressures.