BNB Price Recovers 10%
BNB price has managed to avoid a major decline below $200 and has instead started to recover against the US Dollar. It has climbed above the $235 level and is currently facing several hurdles near $245 and $250. The price is slowly moving higher towards the $250 resistance and is trading above $235 and the 100 simple moving average (4 hours). Additionally, there is a key bullish trend line forming with support at $241.5 on the 4-hour chart of the BNB/USD pair. If BNB can make a clear move above $250, it might gain bullish momentum and potentially test the $265 resistance. A close above the $265 level could pave the way for a larger increase towards the $280 resistance.
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