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What's Next for Bearish Rated BUSD (BUSD)?

Friday, December 01, 2023 07:02 AM | InvestorsObserver Analysts
What's Next for Bearish Rated BUSD (BUSD)?

BUSD (BUSD) gets a bearish rating from InvestorsObserver Friday. The token is down 0.01% to $1 while the broader crypto market is up 1.71%.

Sentiment Score - ,
BUSD has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BUSD!

Bearish

Over the last five days, BUSD has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of BUSD over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

BUSD is currently trading near its midpoint for the past five-days. The token is 0.10% off its five-day high and is 0.07% higher than its five-day low of $0.99929279088974.

BUSD price is well positioned between support and resistance. With support set around $0.999521042896086 and resistance at $1, has some room to run before facing resistance.

BUSD has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on BUSD

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