BNB (BNB) Down 0.02% Thursday: What's Next?

Thursday, August 11, 2022 01:00 PM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Payments/Other has fallen 1.77% to $326.87.

InvestorsObserver is giving BNB a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on BNB!

See Full Report

Low Volatility

InvestorsObserver gives BNB a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. BNB's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

BNB price is in a good position going forward. With support set at $311.64 and resistance near $333.51. This leaves BNB with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.