Mixed sentiment leads BNB cryptocurrency to trade sideways; establishes tight $318.4 to $318.67 range

BNB trades at $318.67, after ending today at $318.4.

Binance Coin's upper Bollinger Band® is at $344 and the lower is $299.

Despite muted price action in Binance Coin, chart analysis indicates it is positioned for a bullish run in the short term.

At the same time, mixed performances are seen elsewhere as FTX Token added 9.54% to its value, now trading at $1.36.

BNB has managed to gain 29.8% so far this year despite trading at lows around $196.72 previously. BNB has a market cap of 49.67 billion with an average daily volume of 650.17 million.