BNB Consolidation and about to break down
BNB on the daily has been in consolidation since May last year, ranging from $350 to $230 respectively. Currently at the the bottom end of consolidation, BNB could look at getting some legs if volume supports it, but still remain in consolidation zone .
Keeping an eye on, On Balance Volume as it is in bearish divergence with the price, but if it OBV breaks resistance, before price this could mean BNB rallies a little, but if OBV breaks support look for BNB to follow as OBV is a leading indicator.
Please keep in mind that volume is weakening so its not looking great
Keeping an eye on, On Balance Volume as it is in bearish divergence with the price, but if it OBV breaks resistance, before price this could mean BNB rallies a little, but if OBV breaks support look for BNB to follow as OBV is a leading indicator.
Please keep in mind that volume is weakening so its not looking great