Binance USD (BUSD) Falls 0%, Underperforms the Crypto Market Monday
Binance USD (BUSD) has been relatively less volatile compared to the crypto market. So far Monday, the Stablecoins has declined 0.04% to $1.
Low Volatility
InvestorsObserver gives Binance USD a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
BUSD’s low volatility reading comes 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.
Binance USD price is trading near resistance. With support at $0.998776904617995 and resistance set at $1. This leaves Binance USD with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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