BNBtickers down

$349 has pulled back in an uptrend, suggesting profit booking by short-term traders. Generally, pullbacks do not last for more than three days in a strong uptrend.

The rising 20-day EMA ($330) and the RSI near the overbought territory indicate that the bulls are in control. If the price turns up and breaks above $367, it will suggest that the uptrend has resumed. The BNB/USDT pair could then attempt a rally to $400.

Instead, if the price continues lower and slips below $348, the pair may reach the 20-day EMA. This level may again attract buyers, but if the bears prevail, the pair may plummet to the 50-day SMA ($314).