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 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.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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