Binance Coin price analysis: BNB breaks above $450, what’s next for the crypto?

TL;DR Breakdown Binance Coin price expected to observe correction at $450BNB faces resistance at the $480 markThe closest support level lies at the $420 mark The Binance Coin price has broken above the $450 key level as the bulls continue guiding the cryptocurrency’s price action. BNB finds strong support at the $420 level that supports the asset’s upwards movement towards the $500 mark. The broader cryptocurrency observes a bullish market sentiment over the last 24-hours as most major cryptocurrencies record positive movements over the period. Major players include Avalanche and ICON recording a 25.15 and a 15.55 percent incline, respectively. Technical indicators for BNB/USDT: Can BNB break past $450? Technical indicators for BNB/USDT by Tradingview Across the technical indicators, the MACD histogram is green and shows strong bullish momentum at press time, as expressed by the tall green bars. The momentum has only increased in the recent hours as the Binance Coin price broke above the $450 key resistance level. While both EMAs continue rising, the 12-EMA is rising with a much steeper slope suggesting further bullish divergence as buyers continue the bullish rally. The RSI is currently trading on the edge of the neutral territory. The indicator currently hovers around the 69.00 index level showing strong bullish dominance over the Binance Coin market. However, the indicator’s high position suggests that the Binance Coin pr...