InvestorsObserver gives BNB a strong long-term technical score of 77 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 77% 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.
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Trading Analysis
BNB’s price is -$49.6000000 (-11.28%) below its 100-day moving average price of $439.840000000 as its price at the moment sits at $390.240000000. Additionally, BNB is $176.7200000 (177.62%) higher than its 52-week low price of $213.520000000 while -$300.69000000 (55.03%) 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 a strong long-term technical score of 77. Long-term trading movement of BNB suggest that investors are neutral on the coin at the moment.
BNB currently has a total market cap of $64,435,353,270.71 to go along with its average daily volume of $9,356,022,234.16 worth of the currency over the past seven days. BNB’s volume is below its seven day average as of the past 24 hours, with 1,380,490,955.26 exchanged in that period.
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 a strong long-term technical score of 77 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
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