After three days of going down, BNB is flat today, hovering around $313.25

A mostly flat day so far for BNB, ranging between $312.06 and $315.73; currently at $313.25.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, BNB's upper Bollinger Band® is at $339.27 and the lower is $311.9. As the trading day comes to an end, chart analysis indicates BNB is approaching key support, around $4.82 away from $308.43. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

The current technical outlook indicates Binance Coin will continue to ebb sideways within tight ranges for the immediate future.

At the same time, mixed performances are seen elsewhere as Bitcoin Cash is up 10.07%. FTX Token is up 9.54% to $1.36. Having closed the previous session at $77.83, Litecoin is up 2.68% today to currently trade at around $79.92.

BNB has managed to gain 27.82% so far this year despite trading at lows around $196.72 previously. Binance Coin is currently trading with a market cap of 48.82 billion with an average daily volume of 717 million.