BNB might go to $295!

BNBUSDT

On April 21, BNB rebounded off the 318 support and rose above the 20-day EMA ($324), indicating a strong effort by the bulls to stop the decline. The flat 20-day EMA and the relative strength index (RSI) just above the midpoint do not give a clear edge to either the bulls or the bears. If the bulls can push the price above the 338 to $350 resistance zone, the BNB/USDT pair may gain momentum and rise to $400.

On the other hand, if the price falls below 318 again, it will suggest that the bears remain active at higher levels, and the pair may slump to the 200-day simple moving average (295), which is an important level for the bulls to defend.

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