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Should You Buy BNB (BNB) Saturday?

Saturday, August 20, 2022 02:06 PM | InvestorsObserver Analysts
Should You Buy BNB (BNB) Saturday?

BNB receives an average long-term technical score of 46 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 46% 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.

Long-Term Technical - 46
InvestorsObserver is giving BNB a 46 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 $284.460000000 for BNB is $11.9200000 (4.38%) above the coins 100-day moving average of $272.540000000. BNB meanwhile is $99.9200000 (148.19%) above its 52-week low of $184.540000000 and -$384.88000000 (41.00%) under its 52-week high price of $669.350000000. 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 46. The price movement and range of BNB suggest that investors are bearish on the coin at this time. BNB has a total market value of $45,894,494,470.32 with an high average daily volume of $7,638,447,407.74 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 $1,341,561,190.30 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 an average long-term technical score of 46 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 BNB (BNB).

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