Binance coin price analysis: BNB/USD crosses $480 to resume bull rally

TL;DR breakdown BNB/USD pair was in a head and shoulder pattern yesterday. Generally, the Binance coin is trading in a bearish trend.Bitcoin and most of the altcoins bleed on the daily cryptocurrency heat map. Binance coin price analysis: General overview BNB/USD pair was in a head and shoulder pattern yesterday. The coin, nevertheless, closed the 24-hour Binance price analysis chart in a negative trend. The daily price analysis chart started in a bullish market, setting the intraday highs of $466. A few minutes later, sellers came into the market, ready to pull the price downwards. At the moment, the Power of Balance (POB) was at -0.03, indicating that the bears were extra strong, and at this point, the bulls could not stop the downswing. As per Binance coin price analysis, the sellers pulled the price of the BNB/USD pair downwards in a falling wedge trend. The Bollinger band was wide in the opening of the daily price analysis. The wideness of the Bollinger band signaled high volatility of the BNB/USD pair. Generally, the Binance coin is trading in a bearish trend. Most of the indicators are negative, suggesting BNB/USD pair might continue falling. Bitcoin and most altcoins bleed on the daily cryptocurrency heat map. Source: Coin360 The most prominent virtual asset is trading at $46K, a decline of -0.42 percent. BTC’s closest competitor, ETH, is trading in positive momentum, recording an increment of more than 5 ...