Wrapped BNB receives a strong long-term technical score of 78 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 78% 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
Wrapped BNB’s price is -$37.4100000 (-13.14%) below its 100-day moving average price of $284.810000000 as its price at the moment sits at $247.400000000. Additionally, WBNB is $63.4800000 (128.53%) higher than its 52-week low price of $183.920000000 while -$323.14000000 (41.61%) under its 52-week high of $570.540000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives WBNB a strong long-term technical score of 78. Long-term trading movement of Wrapped BNB suggest that investors are neutral on the token at the moment.
Wrapped BNB has a total market value of $931,610,304.44 with an average average daily volume of $446,923,772.73 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 $65,068,835.59 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 a strong long-term technical score of 78 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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