BNB (BNB) Up 2.05% Thursday: What's Next?

Thursday, March 07, 2024 06:51 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Payments/Other has gained 2.05% to $438.04.

InvestorsObserver is giving BNB a 17 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 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge tracks 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 trading near resistance. With support near $399.17 and resistance at $446.37. 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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