Binance Coin BNB could slide down to $280

BNBUSDT

The bulls are attempting to push BNB above the overhead resistance at 338, but the bears are holding their ground. If the bulls fail to clear the overhead hurdle, the bears may attempt to sink the BNB/USDT pair below the 50-day SMA (316). If they succeed, the pair may drop to $300, with the next stop potentially being 280 if that level is breached.

On the upside, the bulls will need to thrust the price above the 338 to 346 resistance zone to take control. While there is a minor resistance at 360, it is likely to be surpassed, potentially leading to a rally to $400.

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