Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Thursday, the Wrapped Tokens has fallen 7.48% to $230.7.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
WBNB’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Wrapped BNB price is trading near resistance. With support around $214.96 and resistance near $233.08. This positions Wrapped BNB with potential selling pressures ahead as it may be getting over extended.
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