Wrapped BNB (WBNB) Up 0.74% Wednesday: What's Next?

Wednesday, September 21, 2022 02:34 PM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Wednesday, the Wrapped Tokens has added 0.74% to $268.32.

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 favorably positioned going forward. With support around $263.51 and resistance near $271.17. This positions Wrapped BNB with room to run before facing selling pressures.