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

Friday, May 06, 2022 07:11 PM | InvestorsObserver Analysts
Wrapped BNB (WBNB), Low Volatility but Rising Friday: Is it Time to Cash Out?

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Friday, the Wrapped Tokens has advanced 1.1% to $379.68.

volatility - 13
InvestorsObserver is giving Wrapped BNB a 13 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 13, placing it in the bottom 13% 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 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 in a favorable position going forward. With support near $361.02 and resistance near $401.19. 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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