$BNB

It rose above the $667 resistance on November 23 and again on November 24, but the long wick on the candlestick shows selling at higher levels.

The 20-day EMA ($619) is the critical support to watch on the downside. If the price bounces off the 20-day EMA, the bulls will again attempt to propel the BNB/USDT pair to $722. This level could again act as a formidable hurdle, but if crossed, the rally could reach $810.

If the bears want to avoid the upside, they will have to quickly pull the price below the moving averages. If they do so, it will indicate that the markets have rejected the breakout. The pair could drop to the uptrend line.

The bulls bought the dip to the breakout level of $635 and pushed the price above the 20-EMA. The buyers will try to push the price towards $688, which should again act as a stiff resistance. However, if the buyers overcome this hurdle, the pair may rally to $722.

Conversely, if the price turns down and breaks below $635, it will suggest that the bears are selling on every relief rally. The pair may drop to the 50 SMA and then to $600.