BNB price analysis
BNB (BNB) slipped below the 20-day EMA ($561) on April 2, indicating that the bullish momentum is weakening.
The 20-day EMA is flattening out, and the RSI is just above the midpoint, indicating a range-bound action in the near term. If the price rises from the current level, it could rise to the downtrend line.
Conversely, if the price continues lower and breaks below $535, the next stop is likely to be $495. This level may act as a strong support, but if the bears prevail, the decline could extend to the breakout level of $460.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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