Should You Buy BNB (BNB) Sunday?

InvestorsObserver gives BNB 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 BNB a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BNB!

See Full Report

Trading Analysis

The current trading price of $425.000000000 for BNB is $8.8300000 (2.12%) above the coins 100-day moving average of $416.170000000. BNB meanwhile is $211.4900000 (193.90%) above its 52-week low of $213.520000000 and -$265.93000000 (60.06%) under its 52-week high price of $690.930000000. 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 87. The price movement and range of BNB suggest that investors are neutral on the coin at this time. BNB has a market capitalization of $70,175,229,146.12 and a relatively high average daily volume with $9,386,424,207.00 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BNB's volume is below its seven day average with 1,314,662,281.09 exchanged. 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 87 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).