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

Wednesday, August 03, 2022 08:26 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 Wednesday, the Stablecoins has fallen 0.02% to $0.999875873.

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 meaning that one day won't make or break its rank. BUSD's low volatility reading is coupled 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 in a favorable position going forward. With support near $0.998125955983837 and resistance set at $1. This leaves Binance USD with room to run before facing selling pressures.