Bearish Binance Coin currently $1 lower after trading as low as $305.55

Slightly weaker but mostly flat: Binance Coin is currently trading at $305.79 as it maintains an active range between $305.55 and $307.52.

Concerning technical analysis and more specifically, trend indicators, despite being in the red so far in the current trading session, Binance Coin peaked above its 3 day Simple Moving Average around $308.23 — typically an early indicator of a new bullish trend beginning to emerge. According to asset volatility analysis, BNB's upper Bollinger Band® is at $316.03 which indicates a further downward move may follow. A study of Binance Coin's chart reveals various key levels to watch: Binance Coin could begin to recover as it approaches significant support, now $2.76 away from $303.03. Dipping below could be an indication that further losses are ahead.

With market volatility ebbing, the current technical outlook indicates BNB will remain range-bound for the immediate future.

Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36. Having closed the previous session at $0.075, TRON is up 0.95% today to currently trade at around $0.076. UNICORN Token USD climbs 1.62% to trade around $6.47.

This year has been a bright one for BNB after trading as low as $196.72 and going on to appreciate by 25.89% year to date. Binance Coin is currently trading with a market cap of 47.66 billion with an average daily volume of 426.27 million.