BNB (BNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Payments/Other has declined 0.89% to $301.68.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BNB’s low volatility reading is paired 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.
BNB price is in a good position going forward. With support set at $296.87 and resistance near $303.84. This leaves BNB with room to run before facing selling pressures.
Credit: Source link