bitCNY (BITCNY) Falls 0%, Underperforms the Crypto Market Tuesday

Tuesday, August 30, 2022 02:50 PM | InvestorsObserver Analysts

bitCNY (BITCNY) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Stablecoins has dropped 0.12% to $0.1460645349.

InvestorsObserver is giving bitCNY a 3 Volatility Rank. Find out what this means to you and get the rest of the rankings on bitCNY!

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Low Volatility

InvestorsObserver gives bitCNY a low volatility rank of 3, placing it in the bottom 3% of cryptos on the market.

The Volatility Gauge analyzes 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 favorably positioned going forward. With support around $0.145504767046938 and resistance set at $0.146648028837213. This positions bitCNY with room to run before facing selling pressures.