Binance coin price analysis: BNB/USD expected to surge to $500 mark

TL; DR Breakdown Binance Coin price analysis is bearish for today.BNB/USD could not breach the $440 resistance today.Binance Coin starts to head lower. Towards the closure of yesterday’s price analysis chart, BNB traded in bullish momentum. However, this trend was cut short by sellers who had consolidated their strengths when the daily price analysis set in. Sellers made the coin trade negatively for one hour before the bulls gathered enough power to reverse the bearish trend. Buyers came into the market in large numbers causing the price to begin an uptrend forming several bullish patterns. Binance Coin price analysis is bearish today as the market struggled to break past the $440 resistance. As BNB/USD has formed a consolidation below the $440 resistance, we expect the market to retrace over the next 24 hours and set a higher low. Cryptocurrency heat map. Source: Coin360 The general cryptocurrency market is bullish, as the heat map suggests. The most prominent digital currency BTC has recorded a 0.83 percent increase, and the coin is trading at $47.9K. Its all-time close competitor ETH is also bullish, it has also recorded a slight percent increment, and it is currently trading at $3.5K. Most altcoins are trading in mixed results. Binance coin is trading in a bearish trend, recording more than 3 percent price decline, and it is currently trading at $420. BNB/USD 4-hour chart: BNB set to retrace? At the moment, the Power of ...