Binance USD (BUSD), Low Volatility but Falling Sunday: Is it Time to Cash Out?

Sunday, January 08, 2023 01:35 PM | InvestorsObserver Analysts

Binance USD (BUSD) has been relatively less volatile compared to the crypto market. So far Sunday, the Stablecoins has declined 0.02% to $0.9999936439.

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 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 good position going forward. With support at $0.999242290292314 and resistance set at $1. This positions Binance USD with room to run before facing selling pressures.