BNB (BNB), Low Volatility but Falling Saturday: Is it Time to Cash Out?

Saturday, April 01, 2023 08:32 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Payments/Other has dropped 0.42% to $314.3.

InvestorsObserver is giving BNB a 14 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 14, placing it in the bottom 14% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. 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 favorably positioned going forward. With support around $311.3 and resistance at $317.15. 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.

Share this article: