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.
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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