Binance Coin is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 2 days, since Nov 12, 2022.
The price of Binance Coin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 3 days, since Nov 11, 2022.
The most recent Death Cross in the Bitcoin market happened 284 days ago, on Feb 03, 2022. Meanwhile, a Golden Cross last occurred on Nov 05, 2022, which was 8 days ago.
Based on our technical indicators, Binance Coin’s 200-day SMA will drop in the next month and will hit $ 279.97 by Dec 13, 2022. Binance Coin’s short-term 50-Day SMA is estimated to hit $ 304.88 by Dec 13, 2022.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 43.07, which indicates that the BNB market is in a neutral position.