BNBUSDT On April 21, BNB rebounded off the
318 support and rose above the 20-day EMA ($324), indicating a strong effort by the bulls to stop the decline. The flat 20-day EMA and the relative strength index (RSI) just above the midpoint do not give a clear edge to either the bulls or the bears. If the bulls can push the price above the 
338 to $350 resistance zone, the BNB/USDT pair may gain momentum and rise to $400.On the other hand, if the price falls below
318 again, it will suggest that the bears remain active at higher levels, and the pair may slump to the 200-day simple moving average (
295), which is an important level for the bulls to defend.Let me know what you think!
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Disclaimer
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.