Technical Analysis for BNBUSD for 28th April 2023
BNB is Up 23%, Buyers Fail to Break Above $350
Past Performance of BNB
BNB Technical Analysis
The BNB uptrend remains. However, consolidating prices in the last few days is a concern, slowing down the upside momentum. As it is, BNB bulls must first clear above April 26 highs at around $345 for reassurance. A follow-through above $350 with expanding volumes may be the base for another leg up to $360. Even so, from a top-down preview, $315 is an important support level. If bears of April 26 flow back, forcing the coin below $315, BNB could crash to $300 and later $275; an opportunity for sellers to ride the trend.
What to Expect from BNB
BNB remains in consolidation when writing but in a bullish formation. Even so, there must be gains above $350 for uptrend confirmation. Any other trend forcing prices lower may see BNB drop to March 2023 lows in a retest.
Resistance level to watch: $350
Support level to watch: $315
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