Bata (BTA), High Volatility and Rising Saturday: Is it Time to Cash Out?

Saturday, June 03, 2023 11:06 AM | InvestorsObserver Analysts

Bata (BTA) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has gained 0.75% to $0.1275929441.

InvestorsObserver is giving Bata a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bata!

See Full Report

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 takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BTA's high volatility reading pairs 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 favorably positioned going forward. With support around $0.0485765520479597 and resistance at $0.166381900757185. This positions 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.