Bitcoin Cash (BCH) falls 0.01%, outperforms the crypto market on Sunday
Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, Digital Money has fallen 0.79% to $122.8.
Low volatility
InvestorsObserver gives Bitcoin Cash a low volatility rating of 22, placing it in the bottom 22% of cryptos on the market.
The volatility meter tracks this means that the ranking represents recent trends and is not overly affected by a sudden spike – or two – in volatility. BCH’s low volatility reading is paired with a low Risk/Reward Gauge reading, meaning the coin has relatively narrow price swings and is well protected from price manipulation.
The Bitcoin Cash price is favorably positioned going forward. With support around $121.33 and resistance set at $124.79. This gives Bitcoin Cash room to run before facing selling pressure.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, what these payments are used for can vary from general uses in the Digital Money subclass to more specific uses in some other subclasses.
