Wrapped BNB (WBNB) Rises 5.69%, Outperforms the Crypto Market Friday

Friday, March 29, 2024 08:48 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Friday, the Wrapped Tokens has added 5.69% to $617.7.

InvestorsObserver is giving Wrapped BNB a 16 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 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. WBNB's low volatility reading is paired 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 $575.67 and resistance at $591.56. This leaves Wrapped BNB out of range and potentially in a volatile position if the rally burns out.