Wrapped BNB (WBNB) Falls 0.02%, Outperforms the Crypto Market Wednesday

Wrapped BNB (WBNB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Wrapped Tokens has lost 1.93% to $272.86.

Moderately Volatile

InvestorsObserver gives Wrapped BNB a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.

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

Wrapped BNB price is favorably positioned going forward. With support near $266.97 and resistance near $275.19. This leaves 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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