BNB receives an average long-term technical score of 62 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 62% 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.
Trading Analysis
BNB is currently $7.6500000 (2.83%) above its 100-day moving average price of $270.120000000 with its current price of $277.760000000. Meanwhile, BNB is $93.2200000 (144.56%) above its 52-week low price of $184.540000000 and -$391.58000000 (40.00%) below its 52-week high of $669.350000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 62. Trends for the long-term trading history of BNB suggest that traders are currently neutral on the coin.
BNB has a market capitalization of $44,813,360,402.84 and a relatively high average daily volume with $3,318,610,457.04 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 499,376,499.46 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
Technical analysis of BNB over the past year results in the crypto receiving a an average long-term technical score of 62 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
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