Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Friday, the Wrapped Tokens has gained 4.3% to $382.66.
Low Volatility
InvestorsObserver gives Wrapped BNB a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
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 above resistance. With support around $360.6 and resistance around $371.8. This positions Wrapped BNB out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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