Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BNB Regains its Upward Track But Recent Indicators Caution Traders

Published 2022-12-27, 06:10 a/m
© Reuters. BNB Regains its Upward Track But Recent Indicators Caution Traders
BNBR3
-

  • Analysis suggests that the recent decline in BNB might continue.

  • The intraday peak of $245.08 for BNB is met with strong opposition.

  • Bulls in BNB need to keep battling until they have snuffed out the bears and established a new trend.

The BNB price has fluctuated between $242.22 and $245.08 during the last day, with the bears having a significant presence in the market. However, as of press time, this negative momentum was nullified and bulls seized market control, driving prices to $243.51, a 0.02% rise.

This improvement is reflected in a 0.03% increase to $38,931,044,132 in market capitalization; but, a 9.74% decline in 24-hour trading volume to $284,035,090 suggests the present trend is unlikely to continue and a reversal may be near.

The post BNB Regains its Upward Track But Recent Indicators Caution Traders appeared first on Coin Edition.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.