BNB receives a strong long-term technical score of 83 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 83% 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’.
Trading Analysis
BNB’s price is -$103.3600000 (-19.78%) below its 100-day moving average price of $522.490000000 as its price at the moment sits at $419.130000000. Additionally, BNB is $351.2700000 (601.43%) higher than its 52-week low price of $67.860000000 while -$271.80000000 (59.21%) 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 83. 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 $69,204,916,528.32 to go along with its average daily volume of $15,313,086,900.99 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 2,038,683,622.00 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
Technical analysis of BNB over the past year results in the crypto receiving a a strong long-term technical score of 83 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.