Monday, June 13, 2022 04:11 PM | InvestorsObserver Analysts
Bitcoin SV (BSV) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has dropped 6.09% to $47.13.
InvestorsObserver is giving Bitcoin SV a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin SV!
InvestorsObserver gives Bitcoin SV a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won't make or break its rank.
BSV's low volatility reading is paired 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.
Bitcoin SV price is well positioned going forward. With support set at $44.39 and resistance near $48.76. This leaves Bitcoin SV 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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