BNB (BNB) Falls 0.03%, Underperforms the Crypto Market Friday

Friday, May 27, 2022 07:35 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Payments/Other has fallen 2.81% to $301.07.

InvestorsObserver is giving BNB a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on BNB!

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Low Volatility

InvestorsObserver gives BNB a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. BNB's low volatility reading pairs 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 favorably positioned going forward. With support near $284.12 and resistance near $316.23. 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.