What do the Long-Term Technicals Predict for BNB (BNB) Sunday?

Sunday, January 14, 2024 01:04 PM | InvestorsObserver Analysts

BNB receives a strong long-term technical score of 91 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 91% 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'.

InvestorsObserver is giving BNB a 91 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BNB!

Trading Analysis

The current trading price of $306.320000000 for BNB is $57.9400000 (23.33%) above the coins 100-day moving average of $248.380000000. BNB meanwhile is $102.6600000 (145.01%) above its 52-week low of $203.660000000 and -$43.76000000 (84.64%) under its 52-week high price of $350.070000000. BNB's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 91. The price movement and range of BNB suggest that investors are neutral on the coin at this time. BNB currently has a total market cap of $46,465,182,203.34 to go along with its average daily volume of $5,669,852,410.99 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 748,023,177.54 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 91 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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