Is Wrapped BNB (WBNB) Heading the Right Direction Saturday?

InvestorsObserver gives Wrapped BNB a strong long-term technical score of 80 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

WBNB at this time has a superior long-term technical analysis score than 80% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Wrapped BNB a 80 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Wrapped BNB!

Trading Analysis

WBNB is currently -$88.4400000 (-18.71%) below its 100-day moving average price of $472.580000000 with its current price of $384.140000000. Meanwhile, Wrapped BNB is $384.1400000 (542387580152649.00%) above its 52-week low price of $0.000000000 and -$346.27000000 (51.22%) below its 52-week high of $730.410000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 80. Trends for the long-term trading history of Wrapped BNB suggest that traders are currently neutral on the token.

Wrapped BNB has a total market value of $1,789,885,889.00 with an high average daily volume of $3,598,520,911.54 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WBNB’s volume is below its average with $524,384,324.19 exchanged in total.

This token’s subclass Wrapped Tokens: A wrapped token is an on-chain representation of another asset. It can be a cryptocurrency represented on a different blockchain, or it can be another kind of asset, such as a stock or commodity. This allows crypto traders access to non-crypto assets and trades on one change to get exposure to assets on a different chain.

Summary

Trading patterns over the last year for Wrapped BNB leads to the token’s a strong long-term technical score of 80 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.

Click Here to get the full Report on Wrapped BNB (WBNB).