BNB (BNB) Rises 0.28%, Underperforms the Crypto Market Sunday

Sunday, December 24, 2023 09:05 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile compared to the crypto market. So far Sunday, the Payments/Other has increased 0.28% to $270.14.

InvestorsObserver is giving BNB a 15 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 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 at $266.31 and resistance around $272.31. This leaves 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: