Without a clear-cut direction, Binance Coin is trading around $347.61 and ranging between $343.3 and $350.07.
Analysis of BNB's recent price action suggests Binance Coin is climbing away and is now $12.41 from the $335.2 support line. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Binance Coin is currently 'overbought' which suggests new gains will be harder to obtain. Asset volatility analysis shows that BNB's upper Bollinger Band® is at $342.14, suggesting that a downward move may follow.
Notwithstanding BNB's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other markets show mixed performance as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $20.2, Avalanche is up 3.45% today to currently trade at around $20.89. EOS closed at $1.22 (down 1.61%).
Binance Coin has gained 42.28% since its lowest print of $196.72 earlier this year. BNB has a market cap of 54.18 billion with an average daily volume of 605.10 million.