Binance Coin Could Be Set For A Litmus Test, Eyes $280

BNB price ranges below 50 and 200 EMA on the daily timeframe. 

BNB shows bullish strength on the 4H timeframe as price breaks an asymmetric triangle.

The price could be poised to retest the 1D and 4H resistance of $280. 

Binance Coin (BNB) price showed bullish strength in recent weeks, but the price has failed to match that run against tether (USDT). With the price of Binance Coin facing resistance to breaking above $337, acting as a tough resistance area, the price of BNB has maintained a downtrend as the price broke its bullish structure. (Data from Binance)

Binance Coin (BNB) Price Analysis On The Weekly Chart
Weekly BNB Price Chart | Source: BNBUSDT On Tradingview.com

The price of BNB has recently declined after bouncing from its weekly low of $210 as a price rally to a high of $340 before facing a stip rejection, and the price has struggled to re-establish its bullish trend.

The price of ..

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