BNB (BNB) Falls 0.01%, Underperforms the Crypto Market Thursday

Thursday, June 01, 2023 07:11 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile compared to the crypto market. So far Thursday, the Payments/Other has dropped 0.82% to $304.8.

InvestorsObserver is giving BNB a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on BNB!

Low Volatility

InvestorsObserver gives BNB a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. BNB's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

BNB price is in a favorable position going forward. With support set at $301.18 and resistance near $307.65. This positions BNB with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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