BNB Price Lacks Momentum Above $335 But Dips Likely To Be Limited

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	91,293,956,622	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

91,293,956,622

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-3.44	-0.59%	577.99	577.86	578.06

Price Change

Price Change %

Current Price

Bid Price

Offer

-3.44

-0.59%

577.99

577.86

578.06

High Price	Low Price	Open Price	Prev. Close	52 Week Range
586.71	574.48	581.43	581.43	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

586.71

574.48

581.43

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
BINA	15:06:01	0.070000	577.99	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

15:06:01

0.070000

577.99

USD

Price x Volume	Volume	Base Symbol	Related Pairs
28,788,301.27	49,338.23	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

28,788,301.27

49,338.23

BNB Price Lacks Momentum Above $335 But Dips Likely To Be Limited

28/04/2023 5:21am

NEWSBTC

BNB price (Binance coin) faced a major resistance near $345 against the US Dollar. It is now testing key support at $325, below which it might dive to $315. Binance coin price is slowly moving lower from the $345 resistance against the US Dollar. The price is now trading below $330 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $325 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could start a fresh increase if it stays above $325. Binance Coin Price Holds Support This past week, BNB price saw a decent increase above the $325 level, similar to Bitcoin and Ethereum. The bulls were able to push the price above the $335 and $340 levels. However, the price faced strong resistance near the $345 level. A high was formed near $345 and the price started a steady decline. There was a move below the $340 and $335 support levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $315 swing low to the $345 high. It is now trading below $330 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $325 on the 4-hour chart of the BNB/USD pair. Source: BNBUSD on TradingView.com On the upside, BNB is facing resistance near the $330 level and the 100 simple moving average (4 hours). The next major resistance is near the $335 level. A clear move above the $335 resistance might spark bullish moves. The next major resistance is near the $345 level, above which the price might rise toward the $350 resistance. Any more gains might send the price toward the $365 level. More Losses in BNB? If BNB fails to clear the $330 resistance, it could continue to move down. Initial support on the downside is near the $325 level or the trend line. The next major support is near the $322 level. If there is a downside break below the $322 support, there could be an extended decline toward the $315 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $325, $322, and $315. Major Resistance Levels – $330, $335, and $345.

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BNBUSD Binance Coin