Wrapped BNB (WBNB) Up 4.03% Saturday: What's Next?

Saturday, March 16, 2024 08:48 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Saturday, the Wrapped Tokens has gained 4.03% to $605.72.

InvestorsObserver is giving Wrapped BNB a 15 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 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. WBNB's low volatility reading is paired 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 near resistance. With support at $555.49 and resistance near $613.79. This leaves Wrapped BNB with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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