Small gain for Binance Coin at $327.26 after ranging between $324.32 and $334.21 today.
Visual analysis of Binance Coin's chart shows that Binance Coin could be slowing down soon; it is getting close to the resistance line and is now at $336.14, only $8.88 away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to momentum evaluation, the Relative Strength Index indicates Binance Coin is in a strong overbought condition. According to asset volatility analysis, BNB's upper Bollinger Band® is at $322.3, this is a slight indication of a slowdown.
Overall, while Binance Coin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Other markets are also showing gains as having closed the previous session at $0.127, Dogecoin is up 13.67% today to currently trade at around $0.144. Polkadot gained 0.94% and is currently trading at $6.68.
Meanwhile, Ripple is down $0.004 from the beginning of the session and now trades around $0.46.
BNB hit a significant low of $196.72 around 4 months ago, but has since recovered 65.68%. Binance Coin is currently trading with a market cap of 52.35 billion with an average daily volume of 93.37 million.