Wrapped BNB (WBNB) Falls 0.05%, Outperforms the Crypto Market Monday

Wrapped BNB (WBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Wrapped Tokens has declined 5.29% to $399.33.

Low Volatility

InvestorsObserver gives Wrapped BNB a low volatility rank of 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.

WBNB’s low volatility reading is coupled 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 near $388.39 and resistance at $400.2. This leaves Wrapped BNB with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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