BNBUSDT Buyers defended the
338 level on April 17 and 18, but failed to push the BNB price above the $350 resistance, which emboldened the bears. As a result, the BNB/USDT pair pulled back to the 20-day EMA ($325) on April 19. If this support cracks, the selling may intensify, and the pair may nosedive to the 200-day simple moving average (
294).However, if the price turns up quickly from the 20-day EMA, it will suggest that the bulls are buying the pullbacks and may attempt to push the price above $350, potentially shooting up to $400.
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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.