Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has declined 6.66% to $236.74.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BCH’s moderate volatility reading is coupled 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 at $215.4 and resistance set at $242.7. This leaves Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.
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