Binance USD (BUSD) Up 0.13% Tuesday: What's Next?

Tuesday, July 19, 2022 07:22 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 Tuesday, the Stablecoins has added 0.13% 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 follows 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 is paired 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 trading near resistance. With support at $0.997197863892053 and resistance near $1. This leaves Binance USD with potential selling pressures ahead as it may be getting over extended.