Binance Coin (BNB) gets a bearish rating from InvestorsObserver Thursday. The Payments/Other asset is down 7.44% to $473.1 while the broader crypto market is down 8%.
Over the last five days, Binance Coin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Binance Coin over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Binance Coin is currently trading near its five-day low of $460.528845318582. The Payments/Other asset is 11.30% off its five-day high and is 2.73% higher than its five-day low of $460.53.
Binance Coin price is currently below support. With support set around $477.05 and resistance at $530.23, Binance Coin is potentially in volatile territory as selling pushes the crypto’s price below recent support.
Binance Coin has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.
Due to a lack of data, this crypto may be less suitable for some investors.