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

Sunday, February 11, 2024 07:03 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the crypto has added 0.74% to $7.61.

InvestorsObserver is giving Venus BNB a 18 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 18, placing it in the bottom 18% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. vBNB's low volatility reading is paired 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. With support set at $7.5 and resistance at $7.64. This positions Venus BNB with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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