Binance Coin cryptocurrency trades up $2.57, approximately 0.79% higher this afternoon

After ending the previous trading day at $324.97, BNB went up to $335.51 only to drop back; still positive overall today, now trading at $327.54.

Investors are seeking long positions as Binance Coin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. BNB has just crossed its upper Bollinger Band® at $327.33, suggesting further gains could be on the cards. In contrast, Binance Coin could be slowing down soon as it approaches resistance at $326.8. Of course, crossing it might suggest further gains are ahead.

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

Other markets are also showing gains as FTX Token is up 9.54% to $1.36. Ethereum improves 3.17% to trade around $2,076.33. Cosmos USD gained 3.41% and is now trading at $12.22.

Binance Coin has managed to gain 32.65% so far this year despite trading at lows around $196.72 previously. Binance Coin is currently trading with a market cap of 51 billion with an average daily volume of 517.92 million.