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

Sunday, March 10, 2024 08:03 AM | InvestorsObserver Analysts

InvestorsObserver gives BNB a strong long-term technical score of 89 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 89% 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 89 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 is currently $218.3900000 (69.41%) above its 100-day moving average price of $314.660000000 with its current price of $533.060000000. Meanwhile, BNB is $329.4000000 (256.34%) above its 52-week low price of $203.660000000 and -$3.94000000 (97.40%) below its 52-week high of $537.000000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 89. Trends for the long-term trading history of BNB suggest that traders are currently neutral on the coin. BNB has a market capitalization of $79,713,407,429.34 and a relatively high average daily volume with $24,179,435,007.79 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 3,357,187,039.08 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

Trading patterns over the last year for BNB leads to the coin's a strong long-term technical score of 89 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).

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