BNB Price Prediction: Bears Target Fresh Lows Below $300

May 24, 2023 08:00 am Cryptocurrency 100
BNB Price Prediction: Bears Target Fresh Lows Below $300

BNB price (Binance coin) is struggling to clear the $315 resistance against the US Dollar. It is declining and remains at risk of a move below $300.


  • Binance coin price is moving lower from the $315 resistance against the US Dollar.

  • The price is now trading below $312 and the 100 simple moving average (4 hours).

  • There is a key bearish trend line forming with resistance near $314 on the 4-hour chart of the BNB/USD pair (data source from Binance).

  • The pair could accelerate lower if it breaks the $305 support zone.

    • Binance Coin Price Dips Again


    This past week, BNB price attempted an upside break above the $312 resistance. However, the bulls struggled to gain strength above $315, similar to Bitcoin and Ethereum.


    A high is formed near $315.5 and the price is now moving lower. There was a ..

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