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Bearish-Rated Binance USD (BUSD) Rises Wednesday to $0.9997003963

Wednesday, August 10, 2022 08:52 AM | InvestorsObserver Analysts
Bearish-Rated Binance USD (BUSD) Rises Wednesday to $0.9997003963

Binance USD (BUSD) gets a bearish rating from InvestorsObserver Wednesday. The Stablecoins asset is up 0.01% to $0.9997003963 while the broader crypto market is up 3.17%.

Sentiment Score - ,
Binance USD has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Binance USD!

Bearish

Over the last five days, Binance USD has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Binance USD 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

Binance USD is currently trading near its midpoint for the past five-days. The Stablecoins asset is 0.14% off its five-day high and is 0.05% higher than its five-day low of $0.999220073223114.

Binance USD price is comfortably positioned between support and resistance. With support set around $0.999003736180714 and resistance at $1, has some room to run before facing resistance.

Binance USD 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 Binance USD

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