Binance Coin Price breaks past $504, bulls target $510

Binance coin price prediction summary

• Binance Coin price crossed the $500 mark today amidst an overall bullish cryptocurrency market.
• The exchange token peaked at around $497 and then $504 early this morning.
• BNB/USD price has recorded a 55 percent improvement

Binance Coin crossed the $500 mark today amidst an overall bullish cryptocurrency market. This comes just after the top coin, BTC tested a new all-time high at $67,000. The bulls are persistently trying to find support at $495 after correcting slightly lower below the $500 mark. 

A decline in the price of BNB below $480 in yesterday’s session saw the bulls prepare for stronger consolidation and dash upwards during the early morning trading hours. Our Binance coin price prediction is therefore bullish today given the possibility of further upsides towards $510.

The overall cryptocurrency market is trading within the green zone with Bitcoin already up by 3.74 percent and Ethereum up by 9.22 percent. The CoinRise latest price prediction on Solana has shown that SOL is back on the top charts as the leading gainer in the last 24-hours with a price increase of 21 percent. 

24-hour Binance Coin Price Prediction: Rising volatility and trading volumes

BNBUSDT Chart by TradingView

According to our 24-hour Binance coin price prediction, BNB/USD is trading between $485 – $504. Therefore suggesting the presence of high volatility on the daily trading chart. Coin Market Cap data shows trading volume has gone up by 45 percent to $2.3 billion. On the other hand, the market capitalization is trading at $83 million.

The price of the BNB/USD trading pair has recorded a 55 percent improvement since the start of October. Binance coin has moved from a swing low of $320 to the present swing high of $497. 

Two important milestones over the last few weeks include testing $450 on 1st October and $480 on 12th October. The exchange token peaked around $497 and then $504 early this morning before retracing back to the $495 support. 

Today’s Binance Coin price prediction is bullish and continues to shine on the 24-hour candlesticks. Therefore, we are hoping the coin will record significant gains in the coming hours and reject any downsides.