BNB (BNB): Does it Score Well on Long-Term Trading Metrics Friday?

Friday, March 31, 2023 08:25 AM | InvestorsObserver Analysts

BNB receives a strong long-term technical score of 82 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 82% 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 82 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BNB!
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Trading Analysis

BNB's price is $19.1900000 (6.48%) above its 100-day moving average price of $296.280000000 as its price at the moment sits at $315.470000000. Additionally, BNB is $130.9300000 (164.99%) higher than its 52-week low price of $184.540000000 while -$144.34000000 (66.43%) under its 52-week high of $459.810000000. 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 82. 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 $49,808,794,510.04 to go along with its average daily volume of $3,310,850,254.73 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 432,677,555.81 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 82 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on BNB (BNB).

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