BNB's $740 October Target Sat Between Two EMAs on Oct. 16

Binance Coin (BNB)'s $740 October closing target sat between two exponential moving averages on Oct. 16, placing the projection above the 50-day measure and below the 20-day measure.

The 50-day exponential moving average (EMA) was $734.16, while the 20-day EMA was $752.41. On Oct. 16, BNB traded near $733.23 after touching an intraday low of $708.64. Its 14-day relative strength index was 43.50, below its 51.12 signal average.

A later price snapshot placed BNB at $719.55 at 12:39 a.m. ET (04:39 UTC) on Oct. 18. That was $20.45 below the October target. The token's 24-hour range at that snapshot was $710.01 to $722.23.

The $740 figure is a projected October closing price, within a forecast range of $700 to $770. The Oct. 16 indicators and Oct. 18 price reflect separate observation times.