Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has added 2.18% to $118.79.
InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 26, placing it in the bottom 26% 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 pairs 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 near resistance. With support near $114.11 and resistance near $118.84. This leaves Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.
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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Be the first to comment