BNB (BNB) is receiving support at the 20-day EMA ($610), indicating that bulls are buying on dips.
Daily BNB/USDT chart | Source: TradingView
Bulls need to quickly push the price above $667 to strengthen their position. If successful, the BNB/USDT pair could rise to $722. This is a strong resistance level, but if broken, the price could surge to $810.
This positive outlook will be invalidated if the price closes below the 50-day SMA ($591), at which point the currency pair could drop to the ascending trend line, where strong buying is expected.
