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Ledger Nano X - The secure hardware wallet
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BNB (BNB) Falls 0.01%, Underperforms the Crypto Market Monday

7 August 2023
in BNB
Reading Time: 1 mins read
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BNB (BNB) Falls 0.01%, Underperforms the Crypto Market Monday
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BNB (BNB) has been relatively less volatile compared to the crypto market. So far Monday, the Payments/Other has fallen 0.64% to $241.48.

InvestorsObserver is giving BNB a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on BNB!

The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.

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

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BNB price is well positioned going forward. With support around $239.98 and resistance near $242.54. This leaves BNB with room to run before facing selling pressures.

Credit: Source link

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