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Wrapped BNB (WBNB) Down 0.03% Thursday: What's Next?

Thursday, June 16, 2022 05:35 PM | InvestorsObserver Analysts
Wrapped BNB (WBNB) Down 0.03% Thursday: What's Next?

Wrapped BNB (WBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Wrapped Tokens has declined 3.31% to $216.27.

volatility - 22
InvestorsObserver is giving Wrapped BNB a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped BNB!

Low Volatility

InvestorsObserver gives Wrapped BNB a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. WBNB'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 BNB price is favorably positioned going forward. With support at $194.31 and resistance set at $228.91. This leaves Wrapped BNB with room to run before facing selling pressures.

What is a Token?

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

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