Wrapped Bitcoin (WBTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Wrapped Tokens has dropped 3.7% to $44261.24.
InvestorsObserver is giving Wrapped Bitcoin a 9 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped Bitcoin!
Low Volatility
InvestorsObserver gives Wrapped Bitcoin a low volatility rank of 9, placing it in the bottom 9% of cryptos on the market.The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. WBTC's low volatility reading is paired 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.
Wrapped Bitcoin price is trading near resistance. With support around $43186.68 and resistance at $44538.67. This positions Wrapped Bitcoin with potential selling pressures ahead as it may be getting over extended.