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

Thursday, October 12, 2023 03:19 PM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Payments/Other has lost 0.35% to $205.21.

InvestorsObserver is giving BNB a 16 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 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. BNB's low volatility reading is coupled 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 good position going forward. With support near $203.29 and resistance near $207.21. 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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