Binance Coin Price Analysis — November 19

Binance Coin (BNB) has regained some upward momentum, following a debilitating bearish market over the past week. The third-largest cryptocurrency unexpectedly fell to the $520 low amid intense bearish pressure. However, the trading sentiment saw a sharp reverse around the $520 support, confirming a broader upward trajectory for BNB. That said, it is likely that the recent bearish row might have ended as my technical indicators overwhelmingly support this thesis. Regardless, BNB could suffer minor dips along the way but would remain above my ascending trendline.

Meanwhile, my resistance levels are $580, $600, and $620, and my support levels are $560, $540, and $520.

Total Market Capitalization: $2.57 trillion

Binance Coin Market Capitalization: $95.9 billion

Binance Coin Dominance: 3.7%

Market Rank: #3