Mixed sentiment leads BNB cryptocurrency to trade sideways; establishes tight $307.93 to $311.11 range

Binance Coin is now trading at $308.38 after tracing out a steady $307.93 – $311.11 range today.

Binance Coin's upper Bollinger Band® is at $333.17 and the lower is $301. Binance Coin is approaching key support, around $3.62 away from $304.77. 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. In contrast, Binance Coin is currently flirting with an active Fibonacci support level around $308.8.

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

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. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. Cardano closed at $0.368 (down 1.12%).

Binance Coin has managed to gain 26.21% so far this year despite trading at lows around $196.72 previously. Binance Coin has a market cap of 48 billion with an average daily volume of 566.19 million.