BNB cryptocurrency trades up $2.33, approximately 0.76% higher this afternoon

Marginally higher but lacking a clear-cut direction, BNB is trading at $310.44 after ranging between $308.12 and $310.75 today.

Binance Coin made an initial breakout above its 10 day Simple Moving Average at $310.21, a potential indicator of a newly emerging bullish phase. Binance Coin's lower Bollinger Band® is at $293.03, indicating that the market is oversold and fertile for new buyers. Despite this, Binance Coin is $2.8 away from testing key resistance at $313.24. Peaking above this level could inspire market bulls and open the path to further gains.

Following today's unexpected gains, extensive multifactorial technical analysis forecasts Binance Coin to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Binance Coin is expected to pick up significant bullish sentiment in the coming days.

BNB shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $7.93, Chainlink USD is up 1.91% today to currently trade at around $8.08.

Meanwhile, after ending today's session at $1.34, Tezos USD lost $0.022 and is trading around $1.32.

Binance Coin has gained 26.13% since its lowest print of $196.72 earlier this year. Binance Coin has a market cap of 49 billion with an average daily volume of 514 million.