Can BNB bulls defend this psychological support zone? Gauging...
How much areThe markets have not been as bullish in the past few days. With Bitcoin near the $29.2k resistance, speculators and investors could be sidelined in expectation of large volatility after compression on the lower timeframes. Can Binance Coin hold on to a psychological support level if the market turns tumultuous?Source: BNB/USDT on TradingView
Yet, the uptrend on the OBV indicated a healthy demand behind BNB. Moreover, the $300 mark is a round-number psychological line of defense for the bulls. It served as resistance for a good part of January and was flipped to support in February. At the time of writing, it was a support level once more.
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