Binance USD (BUSD) Up 0.01% Friday: What's Next?

Friday, September 02, 2022 02:31 PM | InvestorsObserver Analysts

Binance USD (BUSD) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has added 0.01% 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 takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BUSD's low volatility reading comes 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 set at $0.999157883570806 and resistance near $1. This positions Binance USD with room to run before facing selling pressures.