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Wrapped BNB (WBNB) Down 0% Thursday: What's Next?

Thursday, January 20, 2022 07:46 AM | InvestorsObserver Analysts
Wrapped BNB (WBNB) Down 0% Thursday: What's Next?

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Thursday, the Wrapped Tokens has declined 0.33% to $460.18.

volatility - 15
InvestorsObserver is giving Wrapped BNB a 15 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 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. WBNB'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 BNB price is favorably positioned going forward. With support around $450.35 and resistance around $469.68. 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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