Should You Sell BNB (BNB) Friday?

BNB receives a strong long-term technical score of 87 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 87% 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.

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!

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Trading Analysis

BNB is currently -$90.7000000 (-23.28%) below its 100-day moving average price of $389.570000000 with its current price of $298.870000000. Meanwhile, BNB is $85.3600000 (134.82%) above its 52-week low price of $213.520000000 and -$370.47000000 (43.16%) below its 52-week high of $669.350000000. 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 BNB suggest that traders are currently neutral on the coin. BNB currently has a total market cap of $48,799,078,624.48 to go along with its average daily volume of $30,118,243,421.42 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 1,723,212,728.86 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 BNB (BNB).