Venus BNB (vBNB) Falls 0.01%, Underperforms the Crypto Market Sunday

Sunday, December 10, 2023 08:36 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has dropped 1.29% to $5.45.

InvestorsObserver is giving Venus BNB a 34 Volatility Rank. Find out what this means to you and get the rest of the rankings on Venus BNB!

Moderately Volatile

InvestorsObserver gives Venus BNB a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. vBNB's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Venus BNB price is favorably positioned going forward. With support around $5.33 and resistance around $5.51. This positions 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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