Bearish-Rated Binance USD (BUSD) Rises Friday to $1 – InvestorsObserver
Binance USD (BUSD) gets a bearish rating from InvestorsObserver Friday. The token is up 0.01% to $1 while the broader crypto market is up 5.47%.
Bearish
Over the last five days, Binance USD has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Binance USD over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Binance USD is currently trading near its five-day low of $0.999575316905975. The token is 0.15% off its five-day high and is 0.04% higher than its five-day low of $0.999575316905975.
Binance USD price is favorably positioned between support and resistance. With support set around $0.999279656579323 and resistance at $1, has some room to run before facing resistance.
Binance USD has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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