Bitcoin and other top crypto tokens were trading in red on Friday after better-than-expected US inflation data.  The two largest cryptocurrencies continue to shake off macro waves. Other than macroeconomic factors, analysts continue to eye $30,000-mark for the Bitcoin.
BNBis currently moving sideways within a horizontal channel in the medium term. The candle sticks have inched closer to the $240 level in the past two days which coincides with its 50-day moving average.
 

If there is any upside momentum, additional gains could potentially drive the price towards the resistance levels of $250 and $265. Its RSI slope, moving sideways, indicates that the underlying buying pressure for BNB isn’t strong. On the downside, if BNB fails to withhold the $230 support level, it may revisit support zones at $220.
Major Levels:
Support: $220, $230
Resistance: $250, $265, $280(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)