Binance Coin price action tests $516, corrects slightly lower

Overbought conditions across the weekly Binance Coin chart have been improving with buyers averting an imminent death cross. Accumulation is rising on the hourly chart suggesting heightening buying pressure. However, the 4-day surge that saw BNB wade away from a danger zone could be fading off and inviting more sellers into the market between $480 – $500. During press time, the Binance coin is trading at $484 and attempting to push the price towards a higher daily high above $485.