BNB hangs above key moving averages
BNBUSDT BNB rebounded from the 50-day SMA (
323) on April 30, indicating that the bulls are still guarding this level. However, the past few days have formed a symmetrical triangle pattern, indicating indecision among buyers and sellers.If the buyers manage to push the price above the triangle, it would signal the start of a new uptrend. On the other hand, the bears will try to sink the pair below the support line of the triangle and deepen the correction to $280.
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