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Binance USD (BUSD) Receives a Neutral Rating Friday: Is it Time to Jump Ship?

Friday, August 05, 2022 08:35 AM | InvestorsObserver Analysts
Binance USD (BUSD) Receives a Neutral Rating Friday: Is it Time to Jump Ship?

Binance USD (BUSD) gets a neutral rating from InvestorsObserver Friday. The crypto is down 0.06% to $0.999640361 while the broader crypto market is up 6.2%.

Sentiment Score - ,
Binance USD has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Binance USD!

Neutral

Over the last five days, Binance USD has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Binance USD over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Binance USD is currently trading near its midpoint for the past five-days. The crypto is 0.21% off its five-day high and is 0.17% higher than its five-day low of $0.99799257516861.

Binance USD price is trading near support. With support set around $0.999611112096254 and resistance at $1, has plenty of space before hitting resistance.

Binance USD has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Binance USD

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