BNB (BNB): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, June 10, 2023 08:53 AM | InvestorsObserver Analysts

BNB receives a weak long-term technical score of 4 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 4% 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 4 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

The current trading price of $237.340000000 for BNB is -$75.5400000 (-24.14%) below the coins 100-day moving average of $312.880000000. BNB meanwhile is $52.8000000 (122.65%) above its 52-week low of $184.540000000 and -$151.38000000 (58.48%) under its 52-week high price of $388.720000000. BNB's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 4. The price movement and range of BNB suggest that investors are bearish on the coin at this time. BNB has a market capitalization of $36,990,488,075.38 and a relatively high average daily volume with $4,243,700,409.90 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 988,088,654.66 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

Technical analysis of BNB over the past year results in the crypto receiving a a weak long-term technical score of 4 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on BNB (BNB).

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