BNB cryptocurrency trades up $1.43, approximately 0.43% higher this afternoon

Small gain for BNB at $332 after ranging between $330.46 and $336.32 today.

Japanese candlestick formations show a "bearish engulfing" pattern — a scenario when a larger red candle engulfs a smaller green candle, at the top of a prevailing uptrend. Typically this is a signal of lower prices in the near term. Trend analysis indicates that Binance Coin made an initial breakout above its 10 day Simple Moving Average at $332.38, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $347.2, thereby suggesting that Binance Coin is becoming overvalued. Analysis of BNB's recent price action suggests although BNB is appreciating today after rising as high as $336.32, price action is now slowing and consolidating around $11.12 below the $343.1 resistance level.

Overall, while BNB has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. Cosmos USD is up 2.91%.

At the same time, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Binance Coin has gained 35.22% since its lowest print of $196.72 earlier this year. BNB is currently trading with a market cap of 51.74 billion with an average daily volume of 715.56 million.