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BNB (BNB) Receives a Neutral Rating Friday: Is it Time to Get on Board?

Friday, May 13, 2022 02:01 PM | InvestorsObserver Analysts
BNB (BNB) Receives a Neutral Rating Friday: Is it Time to Get on Board?

BNB (BNB) gets a neutral rating from InvestorsObserver Friday. The Payments/Other asset is up 8.14% to $293.63 while the broader crypto market is up 5.03%.

Sentiment Score - ,
BNB has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on BNB!

Neutral

Over the last five days, BNB has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of BNB over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

BNB is currently trading near its midpoint for the past five-days. The Payments/Other asset is 22.81% off its five-day high and is 35.71% higher than its five-day low of $216.36.

BNB price is trading near resistance. With support set around $230.76 and resistance at $297.87, could face selling pressures soon.

BNB has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on BNB

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