Venus BNB (vBNB), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, November 24, 2023 06:26 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has gained 0.79% to $5.36.

InvestorsObserver is giving Venus BNB a 61 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 61, placing it in the top 39% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. vBNB's moderate volatility reading is paired 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 in a good position going forward. With support near $5.24 and resistance at $5.42. 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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