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Cryptopolitan 2021-08-25 06:47:49

Binance Coin Price Analysis: BNB bounces from $460 support, ready for further highs today?

TL;DR Breakdown Binance Coin price analysis is bullish for today.BNB/USD saw a sharp retracement yesterday.The $460 previous resistance prevented further downside. Binance Coin price analysis is bullish today as the market saw a strong rejection for further downside above the $460 resistance turned support. Therefore, we expect BNB/USD to continue higher today and reach further highs above the $500 mark. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours despite bulls picking up momentum overnight. The market leader, Bitcoin, has lost 2.66 percent, while Ethereum is down by 4.25 percent. Binance Coin is among the best performers, with a slight loss of only 2 percent. Binance Coin price movement in the last 24 hours: Binance Coin finds strong support at $460 BNB/USD traded in a range of $461.76 – $498.51, indicating substantial volatility over the last 24 hours. Trading volume has decreased by 9.78 percent and totals $3 billion. Meanwhile, the total market capitalization trades around $82 billion, ranking the coin in 4th place overall. BNB/USD 4-hour chart: BNB ready to rally again? On the 4-hour chart, we can see the Binance Coin price action rebounding from the $460 support overnight, with strong bullish momentum this morning. BNB/USD 4-hour chart. Source: TradingView Binance Coin price action has seen a strong increase over the past month. After setting a new swing...

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