BIM (BIM) has been relatively less volatile compared to the crypto market. So far on Sunday, the cryptocurrency is up 0.03% to $1.13.
Low volatility
InvestorsObserver gives BIM a low volatility rank of 9, placing it in the bottom 9% of cryptocurrencies on the market.
The volatility indicator analyzes this, meaning that the ranking represents your recent trends and is not overly influenced by a sudden spike (or two) in volatility. BIM's low volatility reading is combined with a low reading on the risk/reward indicator, meaning the token has relatively narrow price swings and is well protected from price manipulation.
BIM price is trading above the resistance. With support around $1.13 and resistance around $1.13. This leaves BIM out of reach and potentially in a volatile position if the rally peters out.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
