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Cryptopolitan 2021-08-31 06:53:17

Binance Coin Price Analysis: Bears cause BNB pullback to $450 region, will the coin recover?

TL;DR Breakdown Today’s Binance Coin price analysis is bearish after a 4.56  percent retracement over the last 24 hours. BNB/USD traded within a daily range of $448– $465.Binance Coin price action has witnessed bullish patterns in the past 4 -weeks until Sunday night.  Binance Coin price analysis is bearish on the daily chart after undergoing a 4.56 percent retracement to the $448 mark following strong selling pressure. The coin begun a retracement path on Sunday night and on Monday morning, the bulls had lost control of the market and the coin dropped to the $477 region. We are expecting to record more losses into the day as sellers sustain more momentum to strongly prevent further upsides. Binance Coin price movement in the last 24 -hours: Will bulls breach resistance at $459? According to our  24-hour Candlesticks Binance Coin price analysis, BNB/USD traded within a daily range of $448– $465.The moderate length suggests volatility is moderately distributed across the daily chart.  Meanwhile, the exchange token’s trading volume faced a 28.40 percent surge to a total of $2.15 billion. The total market capitalization stands at $77.7 billion after a 3.28 percent drop in the last 24 hours. BNB is ranking at position #4 by market cap. 4-hour Binance Coin Price Analysis: Bulls aim for $460 On the 4-hour Binance Coin price analysis, BNB/USD pair is trading upwards as bulls attempt to cross into the $460 re...

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