It is still trading well above $260 and the 100 simple moving average (4-hours).
The bulls are protecting the $265 and $260 support levels. The next major support is near the $255 level (It is close to the 50% Fib retracement level).
There is also a key bullish trend line forming with support near $245 on the 4-hours chart of the BNB/USDT pair
On the upside, the bulls are facing resistance near the $285 and $290 levels.
The main resistance is still near the $300 level.
If BNB fails to continue higher above $285 and $295, there could be a fresh downside correction. The first major support is near the $255 level.
The next major support is near the $245 level and the trend line.
If there is a downside break below the trend line support, there could be a drop towards the $220 support zone.
The bulls are protecting the $265 and $260 support levels. The next major support is near the $255 level (It is close to the 50% Fib retracement level).
There is also a key bullish trend line forming with support near $245 on the 4-hours chart of the BNB/USDT pair
On the upside, the bulls are facing resistance near the $285 and $290 levels.
The main resistance is still near the $300 level.
If BNB fails to continue higher above $285 and $295, there could be a fresh downside correction. The first major support is near the $255 level.
The next major support is near the $245 level and the trend line.
If there is a downside break below the trend line support, there could be a drop towards the $220 support zone.