Binance Coin Price Analysis: BNB swiftly advances to $480, set for further upside this week?

TL;DR Breakdown Binance Coin price analysis is bullish today.BNB/USD spike higher overnight.BNB tests $480 major resistance. Binance Coin price analysis is bullish today as a sharp rally was seen overnight after a slight retracement yesterday. Therefore, we expect BNB/USD to continue moving higher and target the $500 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades in the green today as the market leaders, Bitcoin and Ethereum, are up by around 1.9 percent. Binance Coin (BNB) is among the best performers, with a gain of 3.8 percent. Binance Coin price movement in the last 24 hours: Binance Coin advances to $480 BNB/USD traded in a range of $439.17 – $483.31, indicating strong volatility over the last 24 hours. Trading volume has increased by 28.82 percent and totals $2.54 billion, while the total market capitalization trades around $80.5 billion, ranking the coin in 4th place overall. BNB/USD 4-hour chart: BNB targets the $500 mark next? On the 4-hour chart, we can see the Binance Coin reaching the $480 major resistance, with the $500 mark in sights next. BNB/USD 4-hour chart. Source: TradingView Binance Coin has seen a substantial increase over the last month. From the previous swing low of $255, set on the 20th of July, BNB/USD has rallied almost 90 percent to the current resistance of $480. Last week, we saw the previous major swing high of $430 broken, indicating that the over...