Neutral-Rated Wrapped BNB (WBNB) Rises Friday to $299.6

Wrapped BNB (WBNB) gets a neutral rating from InvestorsObserver Friday. The token is up 19.36% to $299.6 while the broader crypto market is up 10.96%.

Neutral

Over the last five days, Wrapped BNB has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Wrapped BNB over the past five days by volume and price movement.

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The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Wrapped BNB is currently trading near its midpoint for the past five-days. The token is 21.23% off its five-day high and is 37.26% higher than its five-day low of $218.26.

Wrapped BNB price is currently above resistance. With support set around $218.96 and resistance at $282.35, Wrapped BNB is potentially in a volatile position if the rally burns out.

Wrapped BNB has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.

What is a token?

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

Due to a lack of data, this crypto may be less suitable for some investors.

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