defended the $16.2k support in recent days, but will see selling pressure rise to $17.2k. $17.8k and $18.5k are also important resistance zones, and a rejection here might not bode well for Binance Coin.Source: BNB/USDT on TradingView
Binance Coin has traded within a range for the most part since late August. This range extended from $260 to $300, with the mid-point at $280. These have been at significant levels since August. The RSI fell below neutral 50 in response, while the OBV also saw a decline in recent days. Overall, the OBV has formed higher lows since mid-October to highlight that buying pressure has remained strong.
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