BNB Price Analysis

BNB ( $BNB ) has been consolidating near the $722 overhead resistance, indicating that the bulls have kept up the pressure.

The rising moving averages and the RSI just above the midpoint suggest buyers have a slight edge. If bulls push the price above $722, the BNB/USDT pair could rise to $761 and then to $794.

If bears want to prevent the upside, they will have to swiftly tug the price below the 20-day EMA ($696). That could tempt short-term buyers to book profits, pulling the pair to the 50-day SMA ($645).

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