Venus BNB (vBNB) Down 0.01% Monday: What's Next?

Monday, February 05, 2024 09:45 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has declined 1.24% to $7.12.

InvestorsObserver is giving Venus BNB a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Venus BNB!

Low Volatility

InvestorsObserver gives Venus BNB a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. vBNB's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Venus BNB price is in a good position going forward. With support around $6.96 and resistance near $7.17. This leaves Venus BNB with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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