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

Monday, August 08, 2022 08:49 AM | InvestorsObserver Analysts

Binance USD (BUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Stablecoins has added 0.04% to $1.

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!

See Full Report

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 analyzes this makes its score defined by recent trends, rather than a bad day. BUSD's low volatility reading pairs 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 trading near resistance. With support near $0.999084742740045 and resistance near $1. This positions Binance USD with potential selling pressures ahead as it may be getting over extended.