BNB sheds $2.14 to trade around $322.24

BNB remains range-bound within a $322.02 to $324.68 range but falls to $322.24 in choppy trade.

Binance Coin could begin to recover as it approaches significant support, now $4 away from $318.23. Dipping below could be an indication that further losses are ahead. Bollinger Bands® shows an indication of recovery: the lower band is at $312.59, a low enough level to, generally, suggest that BNB is trading below its fair value.

Technical analysis shows that Binance Coin (currently on a downtrend) might reverse course and start going up in the short term.

Other assets are showing positive performances as FTX Token is up 9.54%. TRON is up 0.84%. UNICORN Token USD increases 1.62% to trade around $6.47.

Binance Coin has managed to gain 32.63% so far this year despite trading at lows around $196.72 previously. BNB is currently trading with a market cap of 50.23 billion with an average daily volume of 755.94 million.