Mixed sentiment leads BNB cryptocurrency to trade sideways; establishes tight $306.71 to $306.78 range

BNB trades at $306.76, after ending today at $306.71.

Binance Coin's upper Bollinger Band® is at $314.81, suggesting that a downward move may follow.

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

At the same time, mixed performances are seen elsewhere as FTX Token added 9.54% to its value, now trading at $1.36. UNICORN Token USD rises 1.62% to trade around $6.47.

Binance Coin has managed to gain 25.39% so far this year despite trading at lows around $196.72 previously. Binance Coin has a market cap of 47.81 billion with an average daily volume of 387.70 million.