Bata (BTA) Falls 0.49%, Underperforms the Crypto Market Monday

Monday, November 07, 2022 06:26 AM | InvestorsObserver Analysts

Bata (BTA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has lost 48.6% to $0.01623890647.

InvestorsObserver is giving Bata a 99 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 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. 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 in a good position going forward. With support around $-0.0877974671059471 and resistance around $0.213996592468657. This leaves Bata with room to run before facing selling pressures.

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.