TL;DR Breakdown Binance Coin price is expected to fall back to $400 support before rising towards $450The closest support level lies at $410BNB faces resistance at the $430 mark The Binance Coin price found support at the $400 price level yesterday, which enabled the buyers to gather momentum to break past the $420 resistance level. While the bulls show clear market dominance, the price action still finds strong resistance at the $430 level. Meanwhile the technical indicators suggest a correction before further upwards movement. The broader cryptocurrency market observes a bullish market sentiment across the last 24-hours as most major assets record a positive price action across the period. Major players include Solana and Dogecoin, recording a 36.51 and an 11.81 percent incline, respectively. Meanwhile, Bitcoin and Ethereum also record a hike of 3.25 and 4.30 percent in their prices. Technical indicators for BNB/USDT: BNB may observe a correction at $425 Technical indicators for BNB/USDT by Tradingview Across the technical indicators, the MACD has recently exhibited a bullish crossover as the 12-EMA rose above the 26-EMA. Currently, the two EMAs are diverging at a steep gradient showing strong buyer pressure in the markets as the Binance Coin price breaks past the $420 mark towards the $450 level. However, the stark difference between the two EMAs leaves room for volatile activity. The RSI is currently neutral...
