![Binance Coin [BNB] bulls secure $303 support – are more gains on the way?](https://i.headtopics.com/images/2023/5/15/cryptoamb/binance-coin-bnb-bulls-secure-303-support-are-more-binance-coin-bnb-bulls-secure-303-support-are-more-1657982893145092097.webp)
BNB's defense of the $303 support level spurred a bullish rally with gains of over 3.5% in the past 48 hours.
also edging into the $27k price zone, BNB bulls will look to record more gains. However, they have a strong bearish order block to contend with.The $303 level has previously acted as a strong support for BNB. A test of this support level in early April saw BNB rally to its Year-To-Date high of $350. BNB bulls will be hoping for a repeat.
At press time, the on-chart indicators supported the mild bullish momentum. The OBV recorded an uptick to signal incoming volume. The RSI also crossed above the neutral 50 and stood at 56.1. The CMF added another confirmation with a reading of 0.15. If the $303 support continues to hold, it will be a sign of bullish momentum that could tip the BNB/USDT pair to retest the recent price ceiling at $350. However, bulls will face significant pushback, due to a bearish order block at the $350 price zone.
On the downside, a retest of the $303 support might signify a weakening structure. Such a move could see sellers drive the altcoin down to its March low of $283.
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