Binance Coin is looking bad

BNBUSDT

The bulls have propelled BNB to the moving averages, highlighting the strong support at the $300 level. If the price breaks and closes above the moving averages, it would open the path for a potential rise towards the overhead resistance at $338. However, this level may present a formidable barrier.

If the bulls manage to overcome it, the BNB/USDT pair could rally towards $350. Conversely, if the price turns down from the moving averages, it would suggest persistent bearish sentiment. The bears will then attempt to push the price below $300 once again, potentially causing the pair to slide towards the next support level at $280.

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