Tentatively higher from an earlier low of $310.39, BNB is up to $312.12 today, adding $1.52, or 0.49%, to today's closing price of $310.61.
Binance Coin made an initial breakout above its 5 day Simple Moving Average at $311.92, a potential indicator of a newly emerging bullish phase. Binance Coin's lower Bollinger Band® is at $302.68, indicating that the market is oversold and fertile for new buyers. In contrast, BNB price action is currently oscillating around the $312.5 resistance level with prices moving above and below several times during the session.
Examining the technical analysis landscape, Binance Coin might continue its downtrend in the short term.
Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
At the same time, after ending today's session at $0.513, Ripple lost $0.007 and is trading around $0.506. NEAR Protocol closed at $1.98 (down 1.94%).
BNB has gained 27.25% since its lowest print of $196.72 earlier this year. BNB has a market cap of 49.28 billion with an average daily volume of 589.14 million.