Sunday, September 03, 2023 10:40 AM | InvestorsObserver Analysts
Wrapped Bitcoin (WBTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Wrapped Tokens has increased 0.27% to $25910.63.
InvestorsObserver is giving Wrapped Bitcoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Wrapped Bitcoin!
Moderately Volatile
InvestorsObserver gives Wrapped Bitcoin a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank. WBTC’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Wrapped Bitcoin price is trading near resistance. With support at $25772.97 and resistance near $25921.1. This leaves Wrapped Bitcoin 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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