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Trading Signals

Mixed sentiment leads Binance Coin cryptocurrency to trade sideways; establishes tight $320.16 to $320.25 range

13 April 2023

BNBUSD

Binance Coin trades at $320.16, after ending today at $320.25.

'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. BNB's upper Bollinger Band® is at $325.38, suggesting that a downward move may follow.

Despite the market lacking direction, technical chart analysis strongly suggests Binance Coin is positioned for a downward move in the near term.

Other markets show mixed performance as FTX Token rallies 9.54% to trade around $1.36. UNICORN Token USD gained 1.62% and is currently trading at $6.47.

This year has been a bright one for Binance Coin after trading as low as $196.72 and going on to appreciate by 30.48% year to date. Binance Coin is currently trading with a market cap of 50.55 billion with an average daily volume of 506.18 million.

Market Summary

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US markets end yesterday lower alongside bearish sentiment in European indices

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