Binance Coin falls to $274.55, following mixed behavior today as it ranges between $274.54 and $277.67.
Binance Coin made an initial break below its 200 day Simple Moving Average at $276.09, a possible indication of a forthcoming negative trend. Binance Coin's upper Bollinger Band® is at $276.83 which indicates a further downward move may follow. In contrast, BNB could begin to recover as it approaches significant support, now $3.61 away from $270.94. Dipping below could be an indication that further losses are ahead.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for BNB.
In the meantime, negative performances are also seen in other markets, FTX Token closed at $1.19 (down 4.53%). After ending today's session at $0.322, Cardano lost $0.008 and is trading around $0.314.
Other assets are showing positive performances as Ripple added 3.54% to its value, now trading at $0.363.
Binance Coin has managed to gain 12.19% so far this year despite trading at lows around $196.72 previously. BNB is currently trading with a market cap of 43.92 billion with an average daily volume of 47.41 million.