BNB (BNB) Up 4.83% Tuesday: What's Next?

Tuesday, June 21, 2022 11:41 AM | InvestorsObserver Analysts

BNB (BNB) has been relatively less volatile compared to the crypto market. So far Tuesday, the Payments/Other has advanced 4.83% to $225.88.

InvestorsObserver is giving BNB a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. BNB's low volatility reading is coupled 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 $207.73 and resistance around $220.65. This positions 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.