After closing the previous trading day at $328.74, Binance Coin is up to $333.41, which makes for a move of 1.42%/$4.67 today.
Technical analysis trend indicators suggest that investors are seeking long positions as Binance Coin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that Binance Coin's upper Bollinger Band® is at $331.8, this is a slight indication of a slowdown.
Overall, while BNB has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Binance Coin shows positive signs, other assets are also on par: FTX Token rallies 9.54% to trade around $1.36. Having closed the previous session at $0.438, Cardano is up 3.6% today to currently trade at around $0.453. Chainlink USD gained 3.46% and is currently trading at $8.
BNB has managed to gain 36.73% so far this year despite trading at lows around $196.72 previously. Binance Coin has a market cap of 51.97 billion with an average daily volume of 545.50 million.