This website uses cookies to ensure you get the best experience on our website

Technical Analysis for BNBUSD for 28th April 2023

BNB is Up 23%, Buyers Fail to Break Above $350

Past Performance of BNB

BNB might have surged 23% from mid-March 2023, but prices are currently indefinite and generally lower. Prices are still inside the bear bar of April 26, with participation levels tapering even since prices peaked in March and April. Critical resistance and support lines lie at $350 and $315, respectively.

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

Disclaimer: Opinions expressed are not investment advice. Do your research.

For more interesting tips and facts visit our Education Centre.

Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020