BNB cryptocurrency trades up $5.16, approximately 2.21% higher this afternoon

Tentatively higher from an earlier low of $232.4, BNB is up to $238.29 today, adding $5.16, or 2.21%, to today's closing price of $233.14.

Chart analysis suggests Binance Coin broke through the $236.4 resistance, climbing $1.89 above it. Trend-following investors would be interested to note that BNB made an initial breakout above its 10 day Simple Moving Average at $239.41, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Binance Coin's upper Bollinger Band® is at $249.46, this is a slight indication of a slowdown.

With market volatility ebbing, the current technical outlook indicates Binance Coin will remain range-bound for the immediate future.

BNB shows positive signs, other assets are also on par: Bitcoin Cash added 20.22% to its value, now trading at $305.45. Litecoin is up 14.62% to $97.14. Having closed the previous session at $0.678, EOS is up 8.29% today to currently trade at around $0.734.

BNB has shed 25.69% over the past three months. BNB has a market cap of 37.14 billion with an average daily volume of 557 million.