Binance Coin Price Analysis: BNB retraces to $480 after a fast move higher overnight

TL;DR Breakdown Binance Coin price analysis is bullish for today.BNB/USD spiked to $519 overnight.BNB saw retracement to $480 earlier today. Binance Coin price analysis is bullish for today as both a higher high and low were set over the last 24 hours. Therefore, as long as the $480 support holds, we expect BNB/USD to increase and move towards further highs. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours as bears took over the market momentum overnight. The market leader, Bitcoin, has declined by 0.96 percent, while Ethereum remains flat. Solana (SOL) is among the best performers, with a gain of 6.42 percent. Binance Coin price movement in the last 24 hours: Binance Coin retraces to $480 BNB/USD traded in a range of $475.66 – $518.76, indicating strong volatility over the last 24 hours. Trading volume has increased by 10.12 percent and totals $3.69 billion, while the total market cap stands at $82.64 billion, ranking the coin in 4th place overall. BNB/USD 4-hour chart: BNB prepares for another rally? On the 4-hour chart, the Binance Coin looks to close bullish in preparation for further upside over the next 24 hours. BNB/USD 4-hour chart. Source: TradingView Binance Coin price prediction is bullish today as a slightly higher low was set over the last 24 hours. Overall, BNB/USD has gained more than 100 percent over the past month after a new swing low was s...