Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has fallen 1.15% to $115.98.
InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.
The Volatility Gauge follows 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 in a good position going forward. With support near $112.14 and resistance set at $117.76. 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.
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.
This news is republished from another source.