Wrapped BNB (WBNB) Up 1.34% Saturday: What’s Next?

Wrapped BNB (WBNB) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Wrapped Tokens has increased 1.34% to $400.1.

Low Volatility

InvestorsObserver gives Wrapped BNB a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.

WBNB’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Wrapped BNB price is favorably positioned going forward. With support set at $388.28 and resistance around $405.71. This positions Wrapped BNB with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.

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