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

Thursday, July 14, 2022 06:59 AM | InvestorsObserver Analysts

Binance USD (BUSD) has been relatively less volatile compared to the crypto market. So far Thursday, the Stablecoins has increased 0.01% to $0.9995140859.

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 meaning that one day won't make or break its rank. BUSD's low volatility reading pairs 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 $0.997737684856017 and resistance near $1. This positions Binance USD with room to run before facing selling pressures.