Does it Score Well on Long-Term Trading Metrics Sunday?

BNB receives an average long-term technical score of 54 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

BNB currently holds a superior long-term technical analysis score than 54% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

InvestorsObserver is giving BNB a 54 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BNB!

Trading Analysis

BNB’s price is -$110.8600000 (-21.49%) below its 100-day moving average price of $515.790000000 as its price at the moment sits at $404.940000000. Additionally, BNB is $285.2000000 (329.01%) higher than its 52-week low price of $119.730000000 while -$285.99000000 (57.16%) under its 52-week high of $690.930000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives BNB an average long-term technical score of 54. Long-term trading movement of BNB suggest that investors are neutral on the coin at the moment.

BNB has a total market value of $66,861,891,039.20 with an high average daily volume of $7,967,716,526.89 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BNB’s volume is below its average with $1,185,388,298.57 exchanged in total.

This coin’s subclass Payments/Other: A coin used as payment for good and services or middle-man platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins are typically more specialized than the Digital Money coins that try to replicate all the functions of cash.

Summary

Trading patterns over the last year for BNB leads to the coin’s an average long-term technical score of 54 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.

Click Here to get the full Report on BNB (BNB).