BNB Price Signals Bullish Exhaustion, Are Dips Attractive In Short-term?

BNB Price Signals Bullish Exhaustion, Are Dips Attractive In Short-term?

BNB price is struggling to clear the $320 resistance zone. It might decline toward the $288 support zone before the bulls aim for another increase.


  • BNB price is struggling to gain traction above the $320 resistance.

  • The price is now trading near $310 and the 100 simple moving average (4 hours).

  • There is a major declining channel or a bullish flag pattern forming with resistance near $316 on the 4-hour chart of the BNB/USD pair (data source from Binance).

  • The pair might continue to move up if it stays above the $288 and $282 support levels.

  • BNB Price Holds Support


    After forming a base above the $280 level, BNB price started a decent increase. There was a move above the $305 and $315 resistance levels. However, the bears seem to be active near the $320 zone.


    A high was formed near $320 and the price is now correcting gains. However, the downsides are limited compared to Bitcoin and
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