Short BNB down to $300????
BNBUSDT BNB has been trading within a range defined by the 20-day EMA ($313) and the horizontal support at $300. The downward slope of the 20-day EMA and an RSI near 44 indicate a slight advantage for the bears. Sellers will aim to push the price below $300 and challenge the support line of the descending channel pattern.
However, if the price reverses from the current level and breaks above the moving averages, it would suggest a potential comeback by the bulls. In such a scenario, the BNB/USDT pair could rise towards the resistance line of the channel.
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