Binance Coin receives a strong long-term technical score of 83 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 83% 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.
BNB is currently $29.0200000 (5.73%) above its 100-day moving average price of $506.120000000 with its current price of $535.150000000. Meanwhile, Binance Coin is $505.0700000 (1742.84%) above its 52-week low price of $30.070000000 and -$155.79000000 (76.01%) below its 52-week high of $690.930000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 83. Trends for the long-term trading history of Binance Coin suggest that traders are currently neutral on the coin.
Binance Coin has a market capitalization of $89,262,885,759.06 and a relatively high average daily volume with $10,318,257,420.91 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 1,209,460,959.27 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.
BNB’s historical trading over the past year gives it a a strong long-term technical score of 83 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.