BNBUSDTThe bearish sentiment is evident as BNB retreats from the 20-day EMA (
314). Might be a short opportunity here.The slightly declining 20-day EMA and RSI just below the midpoint point towards a slight advantage for the bears. A breakdown of the
306 support level may lead to a further decline in the BNB/USDT pair, first to $300, followed by a potential decline to the 200-day SMA (
291).To prevent further declines, the bulls must push the price above the immediate resistance level at $318. Doing so may allow the pair to rise towards the overhead resistance zone, which is situated between
338 and $346.Let me know what you think!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.