Mixed sentiment leads BNB cryptocurrency to trade sideways; establishes tight $337.88 to $339.2 range

Binance Coin trades at $338.69, after ending today at $338.05.

Binance Coin's upper Bollinger Band® is at $348.3, suggesting that a downward move may follow. Despite this, Binance Coin is approaching key support, around $7.33 away from $331.37. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests BNB is positioned for a downward move in the near term.

Other markets show mixed performance as FTX Token leaps up 9.54% to trade around $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

BNB has managed to gain 37.9% so far this year despite trading at lows around $196.72 previously. Binance Coin has a market cap of 52.79 billion with an average daily volume of 699.79 million.