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

Thursday, July 28, 2022 07:41 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Wrapped Tokens has increased 6.18% to $267.64.

InvestorsObserver is giving Wrapped BNB a 21 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 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 around $242.74 and resistance near $266.01. This positions Wrapped BNB out of range and potentially in a volatile position if the rally burns out.