$BNB

Buyers pushed the price above the $635 resistance on November 17, but the bears held their ground. A small positive is that the bulls did not allow BNB to fall below the 20-day EMA ($609).

Buyers will again attempt to push and sustain the price above $635. If they succeed in doing so, the BNB/USDT pair may rally to $667. This level may act as a hurdle, but if the bulls overcome it, the pair may rally to $722.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bulls have given up. This may sink the pair to the 50-day SMA ($588) and then to the uptrend line.