#BNB price analysis
BNB has been oscillating between $635 and $722 for the past few days, indicating a balance between supply and demand.

The bears are defending the $722 level, but a positive sign is that the bulls have not allowed the price to dip below the 20-day EMA ($694). This suggests that the bulls have kept up the pressure and are trying to overcome the barrier at $722. If they succeed, the BNB/USDT pair could pick up momentum and rise to $760 and later to $794.

Contrary to this assumption, if the price turns down sharply and breaks below the moving averages, it will signal that the range-bound action may continue for a few more days. The bears will gain the upper hand on a break below the uptrend line.

The 4-hour chart shows that the bears are defending the $740 level. If the price rebounds off the 20-EMA, the bulls will make one more attempt to push the pair above $740. If they succeed, the pair could rise to $761 and later to $794.

On the contrary, a break and close below the 20-EMA will suggest that the bulls have given up. The bears will gain the upper hand on a break and close below $680. That could sink the pair to $635.