📊BNB price analysis
BNB (BNB) bulls tried to push the price above the overhead resistance at $635, but the bears held their ground.
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The price may dip to the moving averages, which are the near-term support to watch out for. If the price rebounds off the moving averages with strength, it will suggest that the sentiment remains positive, and traders are buying on dips. The bulls will then make one more attempt to clear the $635 hurdle. If they succeed, the BNB/USDT pair could surge toward $722.
Alternatively, if the price breaks below the moving averages, the pair may drop to the uptrend line. That will indicate the continuation of the range-bound action between $635 and $460 for a few more days.
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