Bitcoin Cash (BCH) Rises 2.96%, Outperforms the Crypto Market Sunday

Sunday, May 22, 2022 06:20 AM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has gained 2.96% to $198.7.

InvestorsObserver is giving Bitcoin Cash a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

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Moderately Volatile

InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. BCH's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Bitcoin Cash price is trading above resistance. With support at $188.83 and resistance around $196.15. This positions Bitcoin Cash out of range and potentially in a volatile position if the rally burns out.

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.