Binance Coin BNB Looking for momentum. Is there hope for $360

BNBUSDT

On April 16, BNB breached the 338-346 resistance zone and continued to rise, but the bulls are struggling to sustain the upward momentum. The bears are attempting to push the price back below the breakout level of 338, which could potentially trap aggressive bulls and trigger long liquidation, causing the BNB/USDT pair to fall to the 20-day EMA. To maintain the recovery, the bulls must fiercely defend this level.

On the other hand, if the price bounces back from the current level and surpasses $350, it will signal that the bulls are in control. In this scenario, the pair may climb to 360 and then to 400, but this level is expected to pose a strong resistance once again.

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