Binance Coin (BNB) Price Analysis for April 28

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Binance Coin (BNB) Price Analysis for April 28
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Can bulls keep the rate of BNB above $300 for long? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch BinanceAngels

On the hourly chart, the price of Binance Coin is trading in the middle of a narrow range, between the support at $319.1 and the resistance at $324.1. As most of the daily ATR has been passed, consolidation in the area around $320 is the more likely scenario until tomorrow.

Bears continue their pressure on the daily time frame as the rate is slowly approaching the support level. At the moment, traders should focus on the interim mark of $320. If the candle closes below it, the drop may lead to a decline to theFrom the midterm point of view, the situation is better to a certain extent as the rate remains trading closer to the resistance than to the support. However, if the fall continues to $300, it might be a prerequisite for a test of the $250 zone.

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