BNB Price Topside Bias Vulnerable If It Continues To Struggle Below $225

Sep 5, 2023 06:00 am Cryptocurrency 110

BNB price (Binance coin) failed to settle above $225 and trimmed gains against the US Dollar. The price could decline heavily if it trades below $210.

Binance coin price tested the $235 resistance before the bears appeared against the US Dollar.

The price is now trading below $220 and the 100 simple moving average (4 hours).

There was a break below a key bullish trend line with support near $220 on the 4-hour chart of the BNB/USD pair (data source from Binance).

The pair might gain continue to move down unless there is a close above $225.

Binance Coin Price Fails Again

In the last analysis, we discussed the chances of BNB price recovering toward the $235 resistance zone. The price did climb higher toward the $235 resistance but failed to extend gains.

It started a fresh decline from the $235 zone. There was a break below a key bullish trend line with support near $220 on ..

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