Wrapped BNB (WBNB) Up 3.03% Monday: What's Next?

Monday, January 15, 2024 06:46 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Monday, the Wrapped Tokens has added 3.03% to $313.54.

InvestorsObserver is giving Wrapped BNB a 18 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 18, placing it in the bottom 18% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. 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 trading above resistance. With support around $301.82 and resistance at $306.4. This positions Wrapped 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.

Share this article: