Bitcoin Plus (XBC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has added 38.89% to $2.22.
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 takes into account this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support set at $1.4 and resistance at $1.93. This positions Bitcoin Plus out of range and potentially in a volatile position if the rally burns out.