| 
June 27, 2023Tentatively higher from an earlier low of $235.03, BNB is up to $238.53 today, adding $2.48, or 1.05%, to today's closing price of $236.05.
Binance Coin made an initial breakout above its 5 day Simple Moving Average at $239.36, a potential indicator of a newly emerging bullish phase. Binance Coin's lower Bollinger Band® is at $227.31, indicating that the market is oversold and fertile for new buyers. On the other hand, note that after reaching the known resistance zone beginning at $240.67, Binance Coin price action retreated approximately $2.14.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts BNB to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the BNB is expected to pick up significant bullish sentiment in the coming days.
Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. Bitcoin Cash moves up 4.26% to trade around $232.39. Having closed the previous session at $0.645, MaticNetwork USD is up 3.45% today to currently trade at around $0.667.
BNB has shed 28.07% over the past three months. Binance Coin has a market cap of 37.18 billion with an average daily volume of 592.76 million.
