Bearish Binance Coin currently $1.12 lower after trading as low as $299.14

Struggling to find upward momentum, Binance Coin has shed $1.12 to currently trade at $301.21 as it ranges between $299.14 and $302.9 so far today.

After reaching the $299.9 support zone, Binance Coin bounced and climbed $1.31 above it. Bollinger Bands® shows an indication of recovery: the lower band is at $291.31, a low enough level to, generally, suggest that BNB is trading below its fair value.

Technical analysis indicates that BNB (currently on a downtrend) might reverse course and start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, Tezos USD is down to $1.2, losing $0.036, after closing at $1.24 in the preceding trading session. Solana is trading around $22.67 (down $0.419).

Positive performances can be seen by looking at other markets as FTX Token jumps 9.54% to trade around $1.36.

BNB has gained 23% since its lowest print of $196.72 earlier this year. BNB has a market cap of 47.56 billion with an average daily volume of 525.73 million.