Wrapped Bitcoin (WBTC) has been relatively less volatile compared to the crypto market. So far Sunday, the Wrapped Tokens has increased 2.95% to $42096.69.
Low Volatility
InvestorsObserver gives Wrapped Bitcoin a low volatility rank of 13, placing it in the bottom 13% of cryptos on the market.
The Volatility Gauge follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
WBTC’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.
Wrapped Bitcoin price is trading above resistance. With support set at $40385.89 and resistance around $41771.64. This positions Wrapped Bitcoin out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
