Wrapped BNB (WBNB) Rises 0.18%, Underperforms the Crypto Market Sunday

Sunday, December 31, 2023 07:41 AM | InvestorsObserver Analysts

Wrapped BNB (WBNB) has been relatively less volatile compared to the crypto market. So far Sunday, the Wrapped Tokens has gained 0.18% to $318.08.

InvestorsObserver is giving Wrapped BNB a 17 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 17, placing it in the bottom 17% 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 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 set at $313.25 and resistance around $321.04. This positions Wrapped BNB with room to run before facing selling pressures.