BNB (BNB) Rises 0.92%, Outperforms the Crypto Market Tuesday

Tuesday, March 12, 2024 09:07 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile compared to the crypto market. So far Tuesday, the Payments/Other has added 0.92% to $527.66.

InvestorsObserver is giving BNB a 19 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 19, placing it in the bottom 19% 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 well positioned going forward. With support near $510.96 and resistance around $533.76. 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: