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Binance USD (BUSD) Up 0.17% Tuesday: What's Next?

Tuesday, June 28, 2022 07:34 AM | InvestorsObserver Analysts
Binance USD (BUSD) Up 0.17% Tuesday: What's Next?

Binance USD (BUSD) has been relatively less volatile compared to the crypto market. So far Tuesday, the Stablecoins has increased 0.17% to $1.

volatility - 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!

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 this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support set at $0.99715141998401 and resistance set at $1. This positions Binance USD with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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