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March 14, 2023BNB is down to $307.3, after ending today at $309.24. Overall, a 0.63% loss or $1.94 today.
Binance Coin's upper Bollinger Band® is at $315.74 which indicates a further downward move may follow.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts BNB to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Binance Coin is expected to attract significant bearish sentiment in the coming days.
In the meantime, negative performances are also seen in other markets, MaticNetwork USD slumps 2.2% to trade around $1.17.
Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD is up 2.05% to $6.6.
BNB has managed to gain 26.6% so far this year despite trading at lows around $196.72 previously. Binance Coin has a market cap of 48.52 billion with an average daily volume of 437.45 million.
