Bata (BTA) Down 0.13% Wednesday: What's Next?

Wednesday, February 01, 2023 11:08 AM | InvestorsObserver Analysts

Bata (BTA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has fallen 12.89% to $0.02760639417.

InvestorsObserver is giving Bata a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bata!

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Highly Volatile

InvestorsObserver gives Bata a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. BTA's high volatility reading is paired 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.

Bata price is trading near resistance. With support around $0.0250171142088164 and resistance set at $0.0278548242913474. This leaves Bata with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.