Binance Coin cryptocurrency trades up $1.2, approximately 0.39% higher this afternoon

BNB goes up to $307.81, having dipped down to $305.12 earlier.

Binance Coin could be slowing down soon as it approaches resistance at $310.67. Of course, crossing it might suggest further gains are ahead. BNB's upper Bollinger Band® is at $326.21, this is a slight indication of a slowdown.

Overall, looking at the technical analysis landscape, it seems BNB is likely to reverse course and start pointing down in the short term.

Other markets are also showing gains as FTX Token is up 9.54% to $1.36. TRON moves up 3.15% to trade around $0.077.

Meanwhile, UNICORN Token USD decreases 2.98% to trade around $6.43.

This year has been a bright one for BNB after trading as low as $196.72 and going on to appreciate by 26.54% year to date. BNB has a market cap of 47.98 billion with an average daily volume of 492.42 million.