Binance Coin Price Prediction Indicates Return of the Bulls at $478

BNB/USD price prediction summary

• Binance Coin started the day at a price of $470.
• This indicates that a break past the $490 region is possible today.
• After testing last week’s high, the coin has been undergoing a rather choppy market

Binance Coin started the day at a price of $470. The early morning hours were characterized by slight bullishness which saw BNB rise to $475 before the sellers invaded the market. As a result, the price of Binance Coin went down to a local low of $466 before spiking towards $480 on the hourly chart.

Generally, the cryptocurrency market is trading with mixed results. The market leader Bitcoin improved by 0.09 percent while Ethereum lost 3.1 percent. Bitcoin is trading slightly above $60,000, while Ethereum corrected below the $3,900 mark and now trades at $3,733. Losers in the last 24-hours include Solana, Cardano, and Polkadot. Gainers include Dogecoin, Vechain, and Binance Coin.

Binance Coin price prediction in the last 24-hours

Binance Coin (BNB) has been fluctuating between a wide range starting from $466 – $480. The range suggests that the market is highly volatile. The trading volume went up by 10.58 percent in the last 24-hours which saw the volume hit $1.8 billion. Binance Coin’s market capitalization is trading at $80.55 billion.

On the hourly Binance Coin price prediction chart, there is some rapid bullishness that’s seen several white soldiers activated to the $480 mark. 

Hence testing an intraday high of $481. While the market for BNB/USD has been depicting a bearish trend for the best part of the day, buyers are returning and have already taken control of the 4-hour chart. 

This indicates that a break past the $490 region is possible today, which brings the target of $500 closer home. 

4-hour Binance Coin price prediction by TradingView

The BNB/USD pair has witnessed strong bullishness since the start of October after rallying to $450. In the most initial days of the month, Binance Coin rallied to $450 where it set a swing high. Several days later, the coin retraced back to $395 to consolidate more strength. A move that was followed by a strong spike to $485 last week. 

After testing last week’s high, the coin has been undergoing a rather choppy market. With spikers higher and lower around the $460 mark. In this Binance coin price prediction, we are expecting the exchange token to rise in the next 24-hours and come nearer the $500 target.

Binance Price Prediction Conclusion

Our Binance price prediction is slightly bullish today with the next support at  $480 closing in the price. The BNB/USD is headed higher and we can expect the bulls to test anywhere between $485 – $495 by the end of the day.

Yesterday, The Coinrise reported about an imminent drop to the $459 mark after the coin was unable to beat rejection at $470.The good news is the bulls have been able to push the price upwards and break above the rejection on today’s chart.