Venus BNB (vBNB), Low Volatility but Rising Friday: Is it Time to Cash Out?

Friday, March 29, 2024 06:38 AM | InvestorsObserver Analysts

Venus BNB (vBNB) has been relatively less volatile compared to the crypto market. So far Friday, the crypto has gained 4.44% to $14.66.

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

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Low Volatility

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

The Volatility Gauge takes into account meaning that one day won't make or break its rank. vBNB's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Venus BNB price is trading above resistance. With support around $13.81 and resistance near $14.21. This leaves Venus BNB out of range and potentially in a volatile position if the rally burns out.