Wrapped BNB (WBNB) Rises 3.67% Wednesday: What's Next for This Bullish Rated Crypto?

Wednesday, December 27, 2023 10:25 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) gets a bullish rating from InvestorsObserver Wednesday. The Wrapped Tokens asset is up 3.67% to $309.09 while the broader crypto market is up 2.19%.

Wrapped BNB has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Wrapped BNB!

Bullish

Over the last five days, Wrapped BNB has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Wrapped BNB over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Wrapped BNB is currently trading near its five-day high of $313.219203131009. The Wrapped Tokens asset is 1.32% off its five-day high and is 20.46% higher than its five-day low of $256.59.

Wrapped BNB price is trading near resistance. With support set around $274.4 and resistance at $312.14, could face selling pressures soon.

Wrapped BNB has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

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

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Wrapped BNB

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