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

Tuesday, June 21, 2022 06:31 PM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Tuesday, the Wrapped Tokens has added 3.54% to $220.45.

InvestorsObserver is giving Wrapped BNB a 22 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 22, placing it in the bottom 22% 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 near $205.78 and resistance at $219.06. This leaves Wrapped BNB out of range and potentially in a volatile position if the rally burns out.