Binance Coin price analysis: Bulls hang onto $498 after gradual bearish push

TL;DR Breakdown The latest Binance Coin price analysis shows increase in price.Price has improved slightly to reach $498.27.Resistance at $506 is still at a safe height. The Binance Coin price analysis is showing a slight improvement in the price today, as it has slowly gone past the $498 hurdle. The bearish momentum had casted considerably negative affects on the coin value earlier this day. Yet, the bulls have taken a small step towards recovery today as green candlestick are appearing in the updated price chart. Further upgrade is to be expected, as the bulls are trying to take full advantage of the opportunity at hand. BNB/USD 1-day price chart: Bears obstruct price from climbing past $498 The 1-day Binance price analysis is indicating a bearish activity, which has been dominating as it has caused a slight drop in the price today. The bears have been able to break the successive bullish streak, as the price levels have receded once again to $498 value. The bulls have been relatively stable in the past week, and the moving average (MA) has been $485.4 lately. Also, the volatility for cryptocurrency is also decreasing which is a positive indication for future. BNB/USD 1-day price chart. Source: TradingView Moving on, the 1-day price chart is showing the Bollinger bands average at $474.21, and its lower and upper values at $420.20 and $528.21 respectively. The Relative Strength Index (RSI) is at the score of 63.52, and its ...