Is BNB (BNB) Heading the Right Direction Saturday?

InvestorsObserver gives BNB an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

BNB at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving BNB a 46 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 -$17.1300000 (-5.93%) below its 100-day moving average price of $288.710000000 as its price at the moment sits at $271.580000000. Additionally, BNB is $87.0400000 (141.20%) higher than its 52-week low price of $184.540000000 while -$385.94000000 (39.78%) under its 52-week high of $657.510000000. 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 46. Long-term trading movement of BNB suggest that investors are bearish on the coin at the moment.

BNB has a market capitalization of $43,444,918,367.62 and a relatively high average daily volume with $2,801,956,762.00 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BNB’s volume is below its seven day average with 589,757,473.98 exchanged.

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

BNB’s historical trading over the past year gives it a an average long-term technical score of 46 as its price movement in that time has given investors reason to be bearish on the coin in the long-term.

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