Venus BNB (vBNB) Up 7.79% Friday: What's Next?

Friday, March 08, 2024 06:44 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the crypto has gained 7.79% to $11.25.

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 which means that one day won't define its volatility rank - a trend will. vBNB's low volatility reading comes 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 above resistance. With support at $9.92 and resistance at $11.16. This positions Venus BNB 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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