$BNB price analysis.....🚀🚀🚀
BNB
$587
has been oscillating inside the large range between $495 and $635 for the past several days, indicating indecision between the bulls and the bears. #BNB/USDT daily chart.
If the price sustains below the moving averages, the BNB/USDT pair could slide to the strong support at $495. Buyers are likely to buy this level and keep the range intact. However, if the bears prevail, the pair could start a downtrend to $460 and thereafter to $400.
Instead, if the price rises above the moving averages, the pair could climb to the overhead resistance of $635. This is a significant resistance for the bears to defend because a break above it could catapult the pair to $692.
