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

Monday, January 03, 2022 09:36 AM | InvestorsObserver Analysts
Binance USD (BUSD) Receives a Neutral Rating Monday: Is it Time to Jump Ship?

Binance USD (BUSD) gets a neutral rating from InvestorsObserver Monday. The Stablecoins asset is down 0.03% to $0.9991707852 while the broader crypto market is up 2.16%.

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 Stablecoins asset is 0.28% off its five-day high and is 0.11% higher than its five-day low of $0.99803763628006.

Binance USD price is comfortably positioned between support and resistance. With support set around $0.998096636106428 and resistance at $1, has some room to run before facing 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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