BNB (BNB) Rises 1.65%, Outperforms the Crypto Market Friday

Friday, April 21, 2023 01:38 PM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile compared to the crypto market. So far Friday, the Payments/Other has advanced 1.65% to $324.73.

InvestorsObserver is giving BNB a 13 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 13, placing it in the bottom 13% of cryptos on the market.

The Volatility Gauge analyzes 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 comes 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 trading near resistance. With support set at $314.72 and resistance around $325.37. This leaves BNB with potential selling pressures ahead as it may be getting over extended.

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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