€-Gold | e-Gold | eGOLD Crypto Markets Romania logo €-Gold | e-Gold | eGOLD Crypto Markets Romania logo

Cryptopolitan 2021-08-24 07:06:00

Binance Coin Price Analysis: BNB reaches $500, set for a retracement today?

TL;DR Breakdown Binance Coin price analysis is bearish for today.BNB/USD spiked 15 percent yesterday.Resistance was found at the $500 price mark. Binance Coin price analysis is bearish for today as the market rallied more than 15 percent yesterday and set a new swing high at $500. However, since BNB/USD started to consolidate, we assume bulls are exhausted, and a retracement is expected later today. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. Bitcoin has lost 1 percent, while Etherem is up by 0.57 percent. Meanwhile, Solana (SOL) is among the best performers, with a gain of 6.4 percent. Binance Coin price movement in the last 24 hours: Binance Coin advances to the $500 resistance  BNB/USD traded in a range of $478.38 – $509.34, indicating substantial volatility over the last 24 hours. Trading volume has increased by 34.1 percent and totals $3.4 billion, while the total market capitalization trades around $83.5 billion, ranking the coin in 4th place overall. BNB/USD 4-hour chart: BNB prepares for a retracement? On the 4-hour chart, we can see the Binance Coin price action trading sideways overnight, indicating an upcoming retracement. BNB/USD 4-hour chart. Source: TradingView Binance Coin price action has traded with a strong bullish momentum over the last month. From the previous major swing low of around $255, BNB/USD has gained almost 100 percen...



Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.