After closing the previous trading day at $307.59, BNB is up to $329.78, which makes for a move of 7.22%/$22.19 today.
Investors are seeking long positions as Binance Coin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Binance Coin has just crossed its upper Bollinger Band® at $321.36, suggesting further gains could be on the cards.
Overall, looking at the technical analysis landscape, it seems Binance Coin might continue pointing upwards in the short term.
BNB shows positive signs, other assets are also on par: FTX Token is up 9.54%. EOS is up 3.7% to $1.08. Bitcoin is up 2.29%.
Binance Coin has gained 26.78% since its lowest print of $196.72 earlier this year. BNB has a market cap of 52 billion with an average daily volume of 437.45 million.