đBNB Price Analysis: Bulls Ready for Another Shot at $722? đ¨
BNB đĽ faced a sharp rejection from $612 on Oct. 21, as bears đť fiercely defended the critical overhead resistance at $635.
đ Key Levels to Watch:
⢠The first support is at the 20-day EMA ($585). A strong bounce from this level will signal that buyers đ are still in control, setting the stage for another attempt to break through $635. If successful, BNB could soar toward $722! đ
â ď¸ Bearish Scenario:
⢠However, if the 20-day EMA cracks under pressure, BNB may drop to the 50-day SMA ($564), and potentially further to $527, keeping the pair range-bound for longer. đ
đĄ Price Prediction: Watch for a rebound from $585 â if the bulls push through $635, we could see a surge toward $722! đŻ A critical breakout moment ahead!
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