Mixed sentiment leads BNB cryptocurrency to trade sideways; establishes tight $305.44 to $313.75 range

Binance Coin trades at $308.53, after ending today at $309.37.

With regards to technical trend indicators, chart analysis show that investors are seeking long positions as Binance Coin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that BNB's upper Bollinger Band® is at $315.95, suggesting that a downward move may follow.

Notwithstanding BNB's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

While Binance Coin is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Litecoin decreases 2.93% to trade around $81.85. After ending today's session at $0.075, Dogecoin lost $0.002 and is trading around $0.073.

BNB has gained 26.59% since its lowest print of $196.72 earlier this year. BNB has a market cap of 48.71 billion with an average daily volume of 437.45 million.