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

Binance Coin receives a weak long-term technical score of 6 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 6% 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 Binance Coin a 6 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 -$86.8300000 (-16.30%) below its 100-day moving average price of $532.740000000 with its current price of $445.910000000. Meanwhile, Binance Coin is $410.7400000 (1236.57%) above its 52-week low price of $35.170000000 and -$245.02000000 (63.09%) below its 52-week high of $690.930000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 6. Trends for the long-term trading history of Binance Coin suggest that traders are currently bearish on the coin. Binance Coin has a total market value of $74,378,614,925.45 with an high average daily volume of $20,521,210,538.40 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BNB's volume is below its average with $3,239,832,249.48 exchanged in total. 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 weak long-term technical score of 6 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Binance Coin (BNB).