Wrapped BNB (WBNB) Rises 5.6%, Outperforms the Crypto Market Sunday

Sunday, July 17, 2022 10:52 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Sunday, the Wrapped Tokens has advanced 5.6% to $250.7.

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 tracks 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 at $230.68 and resistance at $247.4. This positions Wrapped BNB out of range and potentially in a volatile position if the rally burns out.