The bulls held the $495 support in BNB for the past two days, but they could not start a rebound.
That increases the risk of a breakdown
The downsloping 20-day EMA ($528) and the RSI in the negative zone suggest that the bears have the upper hand.
A break and close below the $495 support could sink the BNB/USDT pair to $460.
The bulls are expected to defend the $495 to $460 zone, but the recovery is likely to face selling at the moving averages.
Buyers will have to clear the 50-day simple moving average ($543) to suggest that the range-bound action remains intact.
Source: CoinTelegraph
