Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Friday, the Wrapped Tokens has increased 1.01% to $373.78.
Low Volatility
InvestorsObserver gives Wrapped BNB a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
WBNB’s low volatility reading comes 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 well positioned going forward. With support near $357.74 and resistance set at $388. 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Credit: Source link