Binance Coin cryptocurrency trades up $6.07, approximately 2.54% higher going into tomorrow

Tentatively higher from an earlier low of $237.5, Binance Coin is up to $244.89 today, adding $6.07, or 2.54%, to today's closing price of $238.82.

Binance Coin made an initial breakout above its 10 day Simple Moving Average at $244.59, a potential indicator of a newly emerging bullish phase. Despite this, although BNB is appreciating today after rising as high as $249, price action is now slowing and consolidating around 38 cents below the $245.27 resistance level.

Overall, looking at the technical analysis landscape, it seems Binance Coin might continue pointing upwards in the short term.

Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36. MaticNetwork USD climbs 4.85% to trade around $0.618. TRON is up 1.51%.

BNB is now trading 27.3% below its 3-month high of $354.57. BNB has a market cap of 38.17 billion with an average daily volume of 576.91 million.