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A technical outlook of BNB shows a bullish pin bar at the $267 support. The token is pushing higher, but we remain cautious due to the weak momentum of the price movement. The MACD indicator is in the bear zone. Similarly, the moving averages offer resistance above.
What way, BNB?
BNB buyers are defending $267, giving the cryptocurrency a real chance to go higher. However, we should wait for momentum to build at the key support before buying. A retest of the support zone followed by bullish reversal signals or improved sentiment could attract buyers.
