Wrapped Bitcoin (WBTC) Down 0% Sunday: What’s Next? – InvestorsObserver

Wrapped Bitcoin (WBTC) Down 0% Sunday: What’s Next? – InvestorsObserver

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Sunday, December 11, 2022 12:25 PM | InvestorsObserver Analysts

Wrapped Bitcoin (WBTC) Down 0% Sunday: What's Next?

Wrapped Bitcoin (WBTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Wrapped Tokens has lost 0.07% to $17141.25.

volatility - 12

InvestorsObserver is giving Wrapped Bitcoin a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped Bitcoin!

Low Volatility

InvestorsObserver gives Wrapped Bitcoin a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market.

The Volatility Gauge follows meaning that one day won’t make or break its rank. WBTC’s low volatility reading is coupled 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 Bitcoin price is in a good position going forward. With support set at $17080.46 and resistance near $17181.34. This positions Wrapped Bitcoin 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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