Binance Coin (BNB) is currently consolidating above the $320 support against the US Dollar. The price is trading below $330 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $333 on the 4-hour chart of the BNB/USD pair. The pair could start a fresh increase if it clears $333 and $335, with the next major resistance near the $340 level. If BNB fails to clear the $335 resistance, it could continue to move down, with initial support on the downside near the $320 level and the next major support near $315. The RSI for BNB/USD is currently above the 50 level, while the MACD is losing pace in the bearish zone. (newsbtc)
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