Wrapped BNB (WBNB) Falls 0.03%, Outperforms the Crypto Market Tuesday

Tuesday, July 12, 2022 09:42 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Tuesday, the Wrapped Tokens has lost 2.81% to $225.55.

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!

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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 takes into account meaning that one day won't make or break its rank. 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 trading near resistance. With support at $218.05 and resistance around $227.77. This leaves Wrapped BNB with potential selling pressures ahead as it may be getting over extended.