BNB (BNB): Does it Score Poorly on Long-Term Trading Metrics Wednesday?

Wednesday, May 10, 2023 03:42 PM | InvestorsObserver Analysts

BNB receives a strong long-term technical score of 88 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BNB holds a superior long-term technical analysis score than 88% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving BNB a 88 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BNB!
See Full Report

Trading Analysis

BNB is currently -$1.2400000 (-0.39%) below its 100-day moving average price of $316.110000000 with its current price of $314.870000000. Meanwhile, BNB is $130.3300000 (164.66%) above its 52-week low price of $184.540000000 and -$73.84000000 (78.43%) below its 52-week high of $388.720000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 88. Trends for the long-term trading history of BNB suggest that traders are currently neutral on the coin. BNB currently has a total market cap of $49,075,949,006.61 to go along with its average daily volume of $3,417,454,673.99 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 528,360,032.51 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

Trading patterns over the last year for BNB leads to the coin's a strong long-term technical score of 88 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).

Share this article:

Related Articles