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

InvestorsObserver gives Binance Coin a strong long-term technical score of 87 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 87% 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 Binance Coin a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Binance Coin!

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Trading Analysis

BNB is currently $77.3300000 (15.53%) above its 100-day moving average price of $497.920000000 with its current price of $575.250000000. Meanwhile, Binance Coin is $548.4900000 (2108.16%) above its 52-week low price of $26.770000000 and -$115.68000000 (81.81%) below its 52-week high of $690.930000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 87. Trends for the long-term trading history of Binance Coin suggest that traders are currently neutral on the coin. Binance Coin currently has a total market cap of 95,952,906,403.37 to go along with its average daily volume of 9,584,469,377.83 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 1,989,351,127.17 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 87 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 Binance Coin (BNB).