Wrapped BNB (WBNB) Falls 0%, Underperforms the Crypto Market Tuesday

3 October 2023

in BNB

Reading Time: 1 mins read

Wrapped BNB (WBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Wrapped Tokens has fallen 0.48% to $213.43.

InvestorsObserver is giving Wrapped BNB a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped BNB!

The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.

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WBNB’s low volatility reading pairs 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.

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Wrapped BNB price is in a favorable position going forward. With support around $210.16 and resistance near $217.95. This positions Wrapped BNB with room to run before facing selling pressures.

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