#TopCoinsSeptember
Cointelegraph/TradingView
The BNB/USDT pair plummeted below the 50-day Simple Moving Average (SMA) of $652 on Dec. 20, but the long tail on the candlestick indicates buying at lower levels. If buyers hold the price above the 50-day SMA, the pair could hover between $635 and $722 for some time.
However, if the price drops sharply from the 20-day Exponential Moving Average (EMA) of $691, it will indicate negative sentiment. The bears will then try again to take the pair below $635. If they succeed, the pair could fall to $543.
