$BNB price analysis..........📈📈📈
BNB
$602
has been struggling to reach the overhead resistance of $635, suggesting that the bears are defending the level with vigor.
#BNB/USDT daily chart.
However, a positive sign is that the bulls have not rushed to the exit. The price may pull back to the moving averages, where it is likely to find support. If the price rebounds off the moving averages with strength, it will enhance the possibility of a break above $635. If that happens, the BNB/USDT pair could surge to $692 and eventually to the pattern target of $775.
On the other hand, if the price slides below the moving averages, it will indicate that the range-bound action may extend for a few more days.
