$BNB price analysis from CoinTelegraph
Buyers are trying to push BNB to the stiff overhead resistance of $635, where the bears are expected to mount a strong defense.
If the price turns down from the overhead resistance but finds support at the 20-day EMA ($575), it will suggest that the bulls remain buyers on dips. The bulls will then make one more attempt to clear the overhead hurdle. If they can pull it off, the BNB/USDT pair may rally to $722.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will signal that the range-bound action may continue for a few more days. The short-term advantage will tilt in favor of the bears on a break below the 50-day SMA
