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How is Binance BNB Looking Today?
Binance BNB is currently trading just below the $300 mark and is trying to break above this resistance on the lower timeframes. The price was trading above this level last week and was looking quite bullish on the lower timeframes. However, BNB faced strong rejection around the $316 mark on Monday and has been trading below $300 since. It is vital for the Binance BNB coin to stay above $300, as breaking below it on bigger timeframes could shift the momentum. Let’s take a quick look at the Binance BNB Price Prediction Today (30-Nov-2022) to see what levels we need to watch for BNB in the immediate short-term.
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Analyzing the Charts
If we take a look at the latest 1-hour charts, the first thing we can notice is that the price is holding the support at $290 nicely at the moment.
If the price bounces from this support again and manages to get above $300, we can expect BNB to retest the resistance at $315 soon.
It also depends on Bitcoin, and if the price stays within $15,900 to $17,000 for Bitcoin in the coming days, we can expect more movement for altcoins.
On the other hand, if BNB fails to hold the support at $290 in the short term, we can expect the price to drop further. In that case, a sell-off is also likely, and the next level we will be eyeing for Binance BNB is the $275 mark.
Conclusion: Final Verdict on Binance BNB
Binance BNB is currently trading below a crucial support level and must reclaim it to gain some momentum. We did see some bullishness for BNB in the past weeks, and now that seems to be diminishing. If the price manages to break above the resistance at $315 in the next few days, we will see a continuation of the uptrend. Right now, we will not be placing any short-term trades on the Binance BNB token.
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