BNB Binance Coin could go to $294 if supports break

BNBUSDT

Buyers defended the 338 level on April 17 and 18, but failed to push the BNB price above the $350 resistance, which emboldened the bears. As a result, the BNB/USDT pair pulled back to the 20-day EMA ($325) on April 19. If this support cracks, the selling may intensify, and the pair may nosedive to the 200-day simple moving average (294).

However, if the price turns up quickly from the 20-day EMA, it will suggest that the bulls are buying the pullbacks and may attempt to push the price above $350, potentially shooting up to $400.

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