Binance Coin has been up for four days in a row, gaining $4.64 to reach $317.5.

Currently trading at $317.5, BNB remains range-bound between $311.83 and $317.5.

Trend-following investors would be interested to note that Binance Coin made an initial breakout above its 10 day Simple Moving Average at $312.91, a potential indicator of a newly emerging bullish phase. Crossed the $315.27 Fibonacci level, next level is at $338.9. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $326.96, thereby suggesting that Binance Coin is becoming overvalued. Following today's trading session, chart analysis suggests Binance Coin could be slowing down soon as it approaches resistance at $315.37. Of course, crossing it might suggest further gains are ahead.

Overall, the technical outlook suggests Binance Coin is likely to remain muted for the immediate future, with no clear-cut direction.

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 $28,324, Bitcoin is up 4.81% today to currently trade at around $29,700. Having closed the previous session at $90.65, Litecoin is up 3.78% today to currently trade at around $94.07.

This year has been a bright one for Binance Coin after trading as low as $196.72 and going on to appreciate by 28.46% year to date. Binance Coin is currently trading with a market cap of 50.13 billion with an average daily volume of 552.61 million.