{"id":22988,"date":"2023-05-24T05:09:23","date_gmt":"2023-05-24T05:09:23","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/24\/bears-target-fresh-lows-below-300\/"},"modified":"2023-05-24T05:09:23","modified_gmt":"2023-05-24T05:09:23","slug":"bears-target-fresh-lows-below-300","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/24\/bears-target-fresh-lows-below-300\/","title":{"rendered":"Bears Target Fresh Lows Below $300"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>BNB value (Binance coin) is struggling to clear the $315 resistance towards the US Dollar. It is declining and stays liable to a transfer under $300.<\/em><\/p>\n<ul>\n<li>Binance coin value is transferring decrease from the $315 resistance towards the US Dollar.<\/li>\n<li>The value is now buying and selling under $312 and the 100 easy transferring common (4 hours).<\/li>\n<li>There is a key bearish development line forming with resistance close to $314 on the 4-hour chart of the BNB\/USD pair (information supply from Binance).<\/li>\n<li>The pair might speed up decrease if it breaks the $305 assist zone.<\/li>\n<\/ul>\n<h2>Binance Coin Price Dips Again<\/h2>\n<p>This previous week, BNB value tried an upside break above the $312 resistance. However, the bulls struggled to realize power above $315, just like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-fails-again-27500\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-trims-gains-1790\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>.<\/p>\n<p>A excessive is shaped close to $315.5 and the worth is now transferring decrease. There was a transfer under the 50% Fib retracement degree of the upward transfer from the $304 swing low to the $315 excessive. BNB value is now buying and selling under $312 and the 100 easy transferring common (4 hours).<\/p>\n<p>There can be a key bearish development line forming with resistance close to $314 on the 4-hour chart of the BNB\/USD pair. It looks as if the worth is now approaching the $305 assist.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-534754\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1.png\" alt=\"BNB Price Prediction\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Binance-Coin-BNB-1-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">BNBUSD on TradingView.com<\/a><\/p>\n<p>On the upside, BNB is dealing with resistance close to the $312 degree and the 100 easy transferring common (4 hours). The subsequent main resistance is close to the development line or $315. A transparent transfer above the $315 resistance may spark bullish strikes. The subsequent main resistance is close to the $320 degree, above which the worth may rise towards the $332 resistance. Any extra beneficial properties may ship the worth towards the $340 degree.<\/p>\n<h2>More Losses in BNB?<\/h2>\n<p>If BNB fails to clear the $315 resistance, it might proceed to maneuver down. Initial assist on the draw back is close to the $307 degree.<\/p>\n<p>The subsequent main assist is close to the $305 degree. If there&#8217;s a draw back break under the $305 assist, there may very well be an prolonged decline towards the $300 assist. Any extra losses might ship the worth towards the $284 assist.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for BNB\/USD is gaining tempo within the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is at the moment under the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $305, $300, and $284.<\/p>\n<p>Major Resistance Levels \u2013 $312, $315, and $320.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bnb\/bnb-price-prediction-bears-target-300\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BNB value (Binance coin) is struggling to clear the $315 resistance towards the US Dollar. It is declining and stays liable to a transfer under $300. Binance coin value is transferring decrease from the $315 resistance towards the US Dollar. The value is now buying and selling under $312 and the 100 easy transferring 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