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Bit (BITS) Falls 0.02%, Outperforms the Crypto Market Thursday

Thursday, May 26, 2022 06:37 AM | InvestorsObserver Analysts
Bit (BITS) Falls 0.02%, Outperforms the Crypto Market Thursday

Bit (BITS) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has fallen 1.92% to $0.02918844109.

volatility - 11
InvestorsObserver is giving Bit a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bit!

Low Volatility

InvestorsObserver gives Bit a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. BITS's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Bit price is in a favorable position going forward. With support set at $0.0286297590124509 and resistance at $0.0294025928366086. This leaves Bit 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.

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