Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has added 0.02% to $298.13.
InvestorsObserver gives Bitcoin Cash a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
BCH’s low volatility reading pairs 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 Cash price is in a good position going forward. With support at $293.52 and resistance set at $301.89. This positions Bitcoin Cash 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.