BNB (BNB) Rises 3.08%, Outperforms the Crypto Market Sunday

Sunday, June 26, 2022 12:19 PM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile compared to the crypto market. So far Sunday, the Payments/Other has gained 3.08% to $239.07.

InvestorsObserver is giving BNB a 22 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 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 trading above resistance. With support around $227.75 and resistance near $238.8. This leaves BNB out of range and potentially in a volatile position if the rally burns out.

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.