After closing the previous trading day at $329.76, BNB is up to $335.95, which makes for a move of 1.88%/$6.19 today.
Investors are seeking long positions as Binance Coin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. BNB has just crossed its upper Bollinger Band® at $323.39, suggesting further gains could be on the cards.
Overall, looking at the technical analysis landscape, it seems Binance Coin might continue pointing upwards in the short term.
BNB shows positive signs, other assets are also on par: Bitcoin leaps up 7.21% to trade around $26,826. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash is up 5.3% to $132.76.
This year has been a bright one for BNB after trading as low as $196.72 and going on to appreciate by 24.54% year to date. BNB is currently trading with a market cap of 53 billion with an average daily volume of 437.45 million.