Venus BNB (vBNB), Low Volatility but Rising Saturday: Is it Time to Cash Out?

Saturday, March 02, 2024 10:08 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively less volatile compared to the crypto market. So far Saturday, the crypto has advanced 1% to $9.78.

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 analyzes which means that one day won't define its volatility rank - a trend will. vBNB's low volatility reading is coupled 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 trading near resistance.is trading above resistance. With support set at $9.56 and resistance near $9.78. This positions Venus BNB with potential selling pressures ahead as it may be getting over extended.out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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