InvestorsObserver
×
News Home

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

Tuesday, May 17, 2022 06:51 AM | InvestorsObserver Analysts
Wrapped BNB (WBNB), Low Volatility but Rising Tuesday: Is it Time to Cash Out?

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Tuesday, the Wrapped Tokens has increased 3.19% to $306.38.

volatility - 18
InvestorsObserver is giving Wrapped BNB a 18 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 18, placing it in the bottom 18% 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 pairs 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 near $287.45 and resistance near $309.32. This leaves Wrapped BNB with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App