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