Wrapped BNB (WBNB): How Does it Rank Wednesday on Long-Term Trading Metrics?

Wednesday, March 20, 2024 10:05 AM | InvestorsObserver Analysts

Wrapped BNB receives a strong long-term technical score of 96 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. WBNB currently holds a superior long-term technical analysis score than 96% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Wrapped BNB a 96 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Wrapped BNB!
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Trading Analysis

Wrapped BNB's price is $181.9500000 (52.30%) above its 100-day moving average price of $347.900000000 as its price at the moment sits at $529.850000000. Additionally, WBNB is $326.6700000 (255.36%) higher than its 52-week low price of $203.180000000 while -$110.22000000 (81.22%) under its 52-week high of $640.070000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives WBNB a strong long-term technical score of 96. Long-term trading movement of Wrapped BNB suggest that investors are neutral on the token at the moment. Wrapped BNB currently has a total market cap of $1,005,426,668.35 to go along with its average daily volume of $3,825,228,907.96 worth of the currency over the past seven days. WBNB's volume is below its seven day average as of the past 24 hours, with 532,640,817.30 exchanged in that period. This token's subclass Wrapped Tokens: A wrapped token is an on-chain representation of another asset. It can be a cryptocurrency represented on a different blockchain, or it can be another kind of asset, such as a stock or commodity. This allows crypto traders access to non-crypto assets and trades on one change to get exposure to assets on a different chain.

Summary

WBNB's historical trading over the past year gives it a a strong long-term technical score of 96 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Wrapped BNB (WBNB).

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