BNB (BNB) Falls 0.03%, Outperforms the Crypto Market Thursday

BNB (BNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Payments/Other has declined 3.06% to $225.93.

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

BNB’s low volatility reading is coupled 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 trading near resistance. With support near $221.28 and resistance set at $227.09. This positions BNB with potential selling pressures ahead as it may be getting over extended.

Credit: Source link