$BNB

Bulls are struggling to sustain BNB above the crucial $722 level, indicating selling rallies.

If the price remains below $722, BNB/USDT could fall to the 20-day EMA ($685). Buyers are expected to defend this level with all their might because a break below it could weaken the bullish momentum. The pair may fall to the 50-day SMA ($629).

On the contrary, if the price rises from the current level or the 20-day EMA, it will signal demand at lower levels. Bulls will again try to push the price above $794. If this level is taken out, the pair could skyrocket to $861.