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BNB Supported by Criticism! If this Support Breaks, is the Target $280?

  • If BNB’s price closes below the $303 level for 4-hour candles, the downward trend may continue towards the $300 levels.
  • If BNB performs 4-hour candle closes below the $300 level, the downward movement may expand to the $296 levels. At this point, breaking the $296 support may trigger a drop towards the $285 levels.
  • In the medium-term chart of Binance Coin, a rise was observed from the $302 level supported by strong purchases. However, if daily candle closes occur below the $302 level, the downward trend may continue to the $295 – $282 range.

In the current analysis of Binance Coin, the price of BNB has entered an uptrend with strong purchases from the support zone. However, candle closes below certain critical levels may indicate the continuation of the downward movement.

Medium-Term BNB Price Analysis

1 Daily BNB/USD Price Chart

1 Daily BNB/USD Price Chart

When the medium-term price chart of Binance Coin is examined, it is seen that it reacted with a rise from the important support zone of $302, supported by strong purchases.

BNB’s price may continue the downward movement to the $295 – $282 range if daily candle closes occur below the $302 level mentioned in the analysis.

However, if BNB continues to stay above the $302 level and performs daily candle closes, it may continue the uptrend and observe the $315 level as a target.

Many investors believe that the correct buying zone for BNB’s price is between $295 – $282.

Short-Term BNB Price Analysis

4 Hour BNB Price Chart!

4 Hour BNB Price Chart

When we examine the BNB price chart, it can be seen that it has realized the price movement we mentioned in the BNB analysis we shared on May 24 and provided our readers with a 5% gain.

Click Here to Read the BNB Analysis We Shared on May 24.

When the current analysis of Binance Coin is examined, if BNB’s price performs 4-hour candle closes below the $303 level mentioned in the analysis, it may first realize the downward movement towards the $300 levels.

If BNB performs 4-hour candle closes below the $300 level, it may expand the downward movement to the $296 levels. If BNB breaks the $296 support, it may realize a drop towards the $285 levels.

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Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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