Binance USD (BUSD) Rises 0.07%, Outperforms the Crypto Market Sunday

Sunday, June 12, 2022 07:32 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 increased 0.07% to $0.9995296487.

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 analyzes 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 favorable position going forward. With support at $0.997729162305461 and resistance set at $1. This positions Binance USD with room to run before facing selling pressures.