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Wrapped Bitcoin (WBTC) Rises 2.95%, Underperforms the Crypto Market Sunday

Sunday, January 09, 2022 02:17 PM | InvestorsObserver Analysts
Wrapped Bitcoin (WBTC) Rises 2.95%, Underperforms the Crypto Market Sunday

Wrapped Bitcoin (WBTC) has been relatively less volatile compared to the crypto market. So far Sunday, the Wrapped Tokens has increased 2.95% to $42096.69.

volatility - 13
InvestorsObserver is giving Wrapped Bitcoin a 13 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 13, placing it in the bottom 13% 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 comes 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 above resistance. With support set at $40385.89 and resistance around $41771.64. This positions Wrapped Bitcoin out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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