Binance USD (BUSD) Down 0% Tuesday: What's Next?

Tuesday, August 23, 2022 10:19 AM | InvestorsObserver Analysts

Binance USD (BUSD) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Stablecoins has dropped 0.01% to $0.9999660722.

InvestorsObserver is giving Binance USD a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Binance USD!

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Low Volatility

InvestorsObserver gives Binance USD a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. BUSD'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.

Binance USD price is well positioned going forward. With support around $0.999317339598842 and resistance set at $1. This positions Binance USD with room to run before facing selling pressures.