#BNB ended up breaking and closing below the 50-period SMA (USD 307) on February 24th, but bulls managed to buy the dip and push the price to the 20-period EMA (USD 309) on February 26th. This level is attracting selling pressure from bears.
If the price manages to drop and falls below USD 295, it will indicate that sellers have turned the 20-period EMA into resistance. The BNB/USDT pair could fall towards a critical support level at USD 280, which is important to consider because a rebound could point to a range formation between USD 280 and USD 318 in the future.
The next short-term trend move could start if buyers push the price above USD 318 or bears bring the price down below USD 280.
