Wrapped BNB (WBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Wrapped Tokens has fallen 0.51% to $553.86.
InvestorsObserver is giving Wrapped BNB a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped BNB!
Low Volatility
InvestorsObserver gives Wrapped BNB a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. WBNB's low volatility reading pairs 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.
Wrapped BNB price is in a good position going forward. With support set at $519.2 and resistance around $569.98. This leaves Wrapped BNB with room to run before facing selling pressures.