Binance Coin (BNB) Trades Below Two Daily Simple Moving Averages

Binance Coin (BNB) was $743.62, up 0.87% over 24 hours, as of 3:32 a.m. ET (07:32 UTC) Oct. 23. An Oct. 22 month-end forecast put BNB near $745, within a projected range of $700 to $770 through Oct. 31. The $745 figure is a forecast, not a recorded month-end price.

A technical snapshot at 3:05 a.m. ET (07:05 UTC) placed the 20-day simple moving average at $745.49 and the 50-day average at $750.35, both above BNB’s price. The same snapshot showed a neutral 14-day relative strength index of 50.3 and a bullish Stochastic reading, with %K at 72.4 and %D at 59.4. It classified MACD as bearish, with a line at -4.62, a signal line at -4.26 and a histogram at -0.35.

A separate set of exponential moving averages, based on an Oct. 21 price snapshot, put the 20-day measure at $742.25 and the 50-day measure at $732.68. Those readings use a different calculation from the simple moving averages. The latest price and technical readings extend earlier coverage of the October $745 target.