BNB/USDT 1day chart analysis

BNB faces tough situations not only under the pressure of death cross in two EMA but a reducing volume for the bulls. Even though the price has been propped at ~$160, the first challenge for any rebound which couldn’t have the price over $300 would be a failed one to revert the trend. The next watching point is $240 If BNB drops below its $160 support.