BNB price started a fresh decline from $320 resistance zone. The price is now retesting the $290 support and is at risk of more downsides.
BNB price is gaining bearish momentum from the $320 resistance.
The price is now trading below $310 and the 100 simple moving average (4 hours).
There was a break below a key bullish trend line with support at $315 on the 4-hour chart of the BNB/USD pair (data source from Binance).
The pair might continue to move down if it fails to stay above the $290 support.
BNB Price Takes Hit
In the past few days, BNB price made more than three attempts to clear the $320 resistance zone. However, the bears remained active and protected more gains.
As a result, there was a bearish reaction below the $315 level, like Bitcoin and Ethereum. There was a break below a key bullish trend line with support at $315 on the 4-hour chart of the BNB/USD pair. The pair even declined below the $300 level and tested the key support at $290.
A low is formed near $290.3, and the
We współpracy z: https://www.newsbtc.com/analysis/bnb/bnb-price-could-see-major-drawdown-290/