BNBUSDT moving below $533

20 Mar

BNB has made a significant rise during the last days and a lot of interest exists in its charts.
At this BNBUSDT 4h chart we can see that BNB is moving right below the level of $533 (Support 1).

If it keeps moving there, we are going to see even a drop to Support 2 - $464 - and there it will be retested again.
There is a lot of fear in the market right now and investors are afraid to buy.
Given that, it is more likely that we are going to see a drop to Support 2 than a breakout of Support 1.