Binance Coin cryptocurrency trades up $1.77, approximately 0.55% higher this afternoon

Currently trading at $323.25, Binance Coin remains range-bound between $320.31 and $324.

Despite posting gains so far today, Binance Coin slid below its 21 day Simple Moving Average at $321.1 in earlier trade — an early indicator that a negative trend could be emerging. BNB's upper Bollinger Band® is at $344.21, this is a slight indication of a slowdown. Binance Coin could be slowing down soon as it approaches resistance at $330.97. Of course, crossing it might suggest further gains are ahead.

BNB is likely to reverse course and start pointing downward in the short term.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.185, Algorand USD is up 1.78% today to currently trade at around $0.189.

At the same time, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

This year has been a bright one for Binance Coin after trading as low as $196.72 and going on to appreciate by 30.54% year to date. Binance Coin is currently trading with a market cap of 50.38 billion with an average daily volume of 677.92 million.