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bitCNY (BITCNY) Falls 0%, Outperforms the Crypto Market Friday

Friday, January 14, 2022 08:44 AM | InvestorsObserver Analysts
bitCNY (BITCNY) Falls 0%, Outperforms the Crypto Market Friday

bitCNY (BITCNY) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has fallen 0.37% to $0.1588845255.

volatility - 2
InvestorsObserver is giving bitCNY a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on bitCNY!

Low Volatility

InvestorsObserver gives bitCNY a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

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

bitCNY price is in a favorable position going forward. With support at $0.156762942407664 and resistance at $0.159882843230303. This leaves bitCNY with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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