BNB (BNB), Low Volatility but Falling Tuesday: Is it Time to Cash Out?

Tuesday, August 16, 2022 01:42 PM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Payments/Other has lost 1.32% to $313.92.

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 takes into account meaning that one day won't make or break its rank. BNB's low volatility reading is paired 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 favorable position going forward. With support set at $307.51 and resistance around $319.49. This positions 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.