Wrapped BNB receives an average long-term technical score of 65 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, WBNB holds a superior long-term technical analysis score than 65% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
The current trading price of $295.820000000 for WBNB is -$97.6600000 (-24.82%) below the tokens 100-day moving average of $393.480000000. WBNB meanwhile is $295.8200000 (414006487351925.00%) above its 52-week low of $0.000000000 and -$384.59000000 (42.01%) under its 52-week high price of $680.410000000. Wrapped BNB’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 65. The price movement and range of WBNB suggest that investors are neutral on the token at this time.
Wrapped BNB has a total market value of $1,520,537,334.78 with an high average daily volume of $3,207,186,442.57 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WBNB’s volume is below its average with $444,257,769.29 exchanged in total.
This token’s subclass Wrapped Tokens: A wrapped token is an on-chain representation of another asset. It can be a cryptocurrency represented on a different blockchain, or it can be another kind of asset, such as a stock or commodity. This allows crypto traders access to non-crypto assets and trades on one change to get exposure to assets on a different chain.
Summary
Technical analysis of Wrapped BNB over the past year results in the crypto receiving a an average long-term technical score of 65 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
Click Here to get the full Report on Wrapped BNB (WBNB).
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