Sooooo.... we’re on Binance … how is its coin performing amid this massive rally of the "father of all cryptocurrencies," Bitcoin!? BNB is finding support at the 20-day EMA ($610), indicating that bulls are buying the dips.
Buyers will need to quickly push the price above $667 to solidify their position. If successful, the BNB pair could climb to $722, a level likely to act as a significant barrier. However, if the bulls overcome this hurdle, the pair could surge to $810.
This bullish outlook will be invalidated in the short term if the price closes below the 50-day SMA ($591). In that case, the pair might drop to the ascending trendline, a level that will likely attract buyers again.
