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

Sunday, May 22, 2022 08:32 AM | InvestorsObserver Analysts
Wrapped BNB (WBNB), Low Volatility but Rising Sunday: Is it Time to Cash Out?

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Sunday, the Wrapped Tokens has added 3.67% to $317.32.

volatility - 19
InvestorsObserver is giving Wrapped BNB a 19 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 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. WBNB's low volatility reading is coupled 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 set at $298.89 and resistance around $313.51. 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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