Coin

<ul class="news-points"> 
 <li>The RSI formed a negative divergence, indicating a possible drawdown.&nbsp;</li> 
 <li>If bulls defend the $300 support, BNB may hold strong and flip the $320 resistance.</li> 
 <li>Indications from the EMA showed that BNB would keep consolidating.</li> 
</ul> 
After the sharp drop in price on January 2, <a href="https://coinedition.com/binance-coin-bnb-eyes-300-as-bullish-divergence-appears/" target="_blank" rel="noreferrer noopener">Binance Coin (BNB)</a> climbed back to $322. But in the last 24 hours, the coin has lost 4.34% of its value, according to CoinMarketCap.&nbsp; 
According to the price tracking platform, BNB could be on the verge of losing its hold on the $300 region. Coin Edition looked at the 4-hour BNB/USD chart shown below and observed that the RSI had formed a negative divergence. 
<h2 class="wp-block-heading" id="h-no-solid-signal-for-an-uptrend">No Solid Signal for an Uptrend</h2> 
The negative divergence the RSI formed indicated a weak momentum for the <a href="https://coinedition.com/binance-coin-bnb-price-prediction/">BNB price</a> action. If buyers do not strengthen their position, the coin movement will favor the bears.&nbsp; 
Should this happen, BNB might drop below $300. However, there is a chance for the price to rebound. This was because the RSI was close to being overbought. If buying pressure intensifies and bulls defend the $300 support, BNB might flip the $320 overhead resistance. …
The post <a href="https://coinedition.com/bnb-loses-4-43-in-24-hours-will-it-remain-above-300/">BNB Loses 4.43% In 24 Hours: Will It Remain Above $300?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

BNB Loses 4.43% In 24 Hours: Will It Remain Above $300?

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