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

Sunday, July 03, 2022 07:57 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 Sunday, the Stablecoins has advanced 0.05% 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!

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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 follows meaning that one day won't make or break its rank. 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 trading near resistance. With support near $0.997955266007101 and resistance around $1. This leaves Binance USD with potential selling pressures ahead as it may be getting over extended.