Binance Coin’s currency price (BNBUSD) rose in the intraday after the current support of $534.7 held on, with the price trying to recoup some recent losses, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the price to return lower, provided the aforementioned support of $534.7 was breached, thus targeting the pivotal support of $471.5. 

 

Trend forecast for today: Likely Bearish