Is BNB powerful enough to keep trading above the $300 zone? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch
On the bigger time frame, the fall has continued after a failed attempt to fix above the resistance at $315.3. If the bar closes below yesterday's low at $309.3, one can expect a sooner test of the nearest support zone around $300.
The situation remains the same on the daily chart against Bitcoin as the rate keeps accumulating energy for a further sharp move. In this case, ongoing sideways trading in the narrow range of 0.0114-0.0117 is the more likely scenario until the end of the week.
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