BNBUSD Faces Resistance at $315.0

Binance Coin has failed to push through the supply level at $315.0. Buyers leapt above $274.0 impulsively after testing the demand level at $249.0. The price rose to $315.0 where the daily bearish order block rests. The bearish trend-line has formed a confluence with $315.0 to resist the bullish move.

Demand Levels:$249.0, $259.0 $274.0
Supply Levels: 315.0, $336.0, $361.0

What Is the Indicator Saying?

The Stochastic is currently moving away from the oversold region. This is expected to cause a decline in the price of BNB. The Moving Average period nine rises above the most recent daily candles to show that the market is turning bearish. The market is expected to fall to the demand level of $274.0.

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