Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to recent market analysis. So far on Saturday, the digital currency has advanced 0.85% to $311.83.
InvestorsObserver gives Bitcoin Cash a low volatility rank of 11, placing it in the bottom 11% of cryptos in the market.
The volatility gauge tracks which means a day will not define its volatility rank – a trend will. BCH’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning the coin has relatively narrow price swings and is well protected against price manipulation.
Bitcoin Cash price is in a favorable position going forward. With support set at $305.25 and resistance around $315.87. This positions Bitcoin Cash with some breathing room before facing selling pressures.
What is a room?
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the use of these payments can vary from general use in the digital currency subclass to more specific uses in certain other subclasses.
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