Binance Coin (BNB)’s recent bullish momentum appears to have thinned out at the $450 resistance as the price has struggled to break this resistance level over the past five days to no avail.

That said, the inability to clear the $450 resistance line sent the fourth-largest cryptocurrency on a sharp retrace to the $420 support this morning. However, BNB found some cushioning from the 100 EMA , which in the daily and 4-hour charts repelled the bearish attempt below $420.

While the cryptocurrency has returned near the $450 mark, a broader market weakness could frustrate an upside attempt in the coming hours. However, the recent decline formed a double-bottom pattern around the $420 area, indicating that bulls still have a shot.

Meanwhile, my resistance levels are $450, $460, and $470, and my support levels are $436, $420, and $410.

Total Market Capitalization: $2.14 trillion

Binance Coin Market Capitalization: $73.5 billion

Binance Coin Dominance: 3.4 %

Market Rank: #4