Binance Coin Price Analysis: BNB spikes to $320, ready to slowly regain loss today?

TL;DR Breakdown Binance Coin price analysis is bullish for today.BNB/USD saw another spike lower this morning.BNB is rejecting further downside as of now. Binance Coin price analysis is bullish today as the market saw another quick spike lower this morning, with bulls starting to pick up any further selling pressure. Therefore, we expect BNB/USD to reverse over the next 24 hours and look to regain some of the loss seen over the past few days. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 1.49 and 1.79 percent, respectively. Meanwhile, most of the top altcoins are in the red, with a couple of exceptions, such as UNI and LINK. Binance Coin price movement in the last 24 hours: Binance Coin drops to $320 BNB/USD traded in a range of $320.37 – $356.37, indicating strong volatility over the last 24 hours. Trading volume has declined by 6.79 percent and totals $1.775 billion, while the total market cap trades around $58.15 billion, ranking the coin in 5th place overall. BNB/USD 4-hour chart: BNB starts to push higher again On the 4-hour chart, we can see the Binance Coin price action moving back above the $340 support, indicating bullish pressure over the past hours. BNB/USD 4-hour chart. Source: TradingView Binance Coin price action has continued to trade in a bearish momentum this week. After sideways conso...