Wrapped BNB (WBNB) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Wrapped Tokens has advanced 0.53% to $401.72.
Low Volatility
InvestorsObserver gives Wrapped BNB a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
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.
Wrapped BNB price is in a favorable position going forward. With support at $393.59 and resistance at $406.49. This positions Wrapped BNB with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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