Binance USD (BUSD) Receives a Neutral Rating Saturday: Is it Time to Get on Board?

Saturday, June 04, 2022 07:07 AM | InvestorsObserver Analysts

Binance USD (BUSD) gets a neutral rating from InvestorsObserver Saturday. The token is up 0.21% to $1 while the broader crypto market is down 0.07%.

Binance USD has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Binance USD!

Neutral

Over the last five days, Binance USD has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Binance USD over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Binance USD is currently trading near its midpoint for the past five-days. The token is 0.27% off its five-day high and is 0.16% higher than its five-day low of $0.99839597940445.

Binance USD price is trading near resistance. With support set around $0.997063334000419 and resistance at $1, could face selling pressures soon.

Binance USD has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

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

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Binance USD

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