Binance Coin (BNB) was relatively less volatile compared to the crypto market. So far, the Payments / Other space is down 4.28% to $ 511.51 on Monday.
InvestorsObserver gives Binance Coin a volatility rank of 9. Find out what that means for you and get the rest of the rankings on Binance Coin!
InvestorsObserver gives Binance Coin a rank of 9 with low volatility, making it one of the bottom 9% of cryptos on the market.
The volatility meter analyzes what means that one day will not reach its rank or break. The BNB’s low volatility reading is coupled with a low reading on the risk / reward meter, which means that the coin has relatively narrow price fluctuations and is well protected from price manipulation.
Binance Coin price is trading near the resistance. With support at $ 497.61 and resistance at $ 513.59. This leaves Binance Coin with potential selling pressure as it may be taking too long.
What is a coin
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the intended use of these payments can vary from general use in the “digital money” subclass to more specific uses in a few other subclasses.