Binance Coin cryptocurrency trades up $4.47, approximately 1.32% higher this morning

After closing the previous trading day at $339.14, BNB is up to $343.6, which makes for a move of 1.32%/$4.47 today.

The Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. BNB has just crossed its upper Bollinger Band® at $326.11, suggesting further gains could be on the cards. In contrast, the RSI is a momentum oscillator that measures changing price movements on a scale of 0-100. In Binance Coin's case, the index has risen above 70, signalling that the asset is overbought.

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 surges 9.54% to trade around $1.36. Dogecoin added 2.47% to its value, now trading at $0.078. Litecoin is up 2%.

This year has been a bright one for BNB after trading as low as $196.72 and going on to appreciate by 23.7% year to date. Binance Coin is currently trading with a market cap of 54.25 billion with an average daily volume of 437.45 million.