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Wrapped BNB (WBNB), Low Volatility but Falling Saturday: Is it Time to Cash Out?

Saturday, June 10, 2023 06:14 AM | InvestorsObserver Analysts
Wrapped BNB (WBNB), Low Volatility but Falling Saturday: Is it Time to Cash Out?

Wrapped BNB (WBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Wrapped Tokens has lost 8.73% to $237.58.

volatility - 12
InvestorsObserver is giving Wrapped BNB a 12 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 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. 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 trading above resistance. With support around $228.51 and resistance set at $236.22. This positions Wrapped BNB 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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