Is it the end of Binance Coin's rally? After three days of gains, it is down by 1% today

BNB recovering almost all the way back to $247.86 today, after dipping down to $243.24.

Binance Coin's upper Bollinger Band® is at $250.54 which indicates a further downward move may follow. Despite this, although Binance Coin is down today and was as low as $243.24, it seems to be recovering slightly and climbing away from the $241.7 support line and is now $3.68 above it.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts BNB to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Binance Coin is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, EOS stumbles 3.34% to trade around $0.76.

Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36. Litecoin is up 4.42%.

BNB has shed 21.61% over the past three months. BNB is currently trading with a market cap of 38.24 billion with an average daily volume of 540.85 million.