Wow,,,, the price of BNB is going down again! From the initial $618, it has now dropped quite a lot. Many traders have started selling, because they have reached a price that is usually difficult to break through, which is around $635.
Now, BNB is again around the 20-day moving average line (EMA 20) at the price of $575. Well, this is what is very important to note.
If the price of BNB can rise and rise from the EMA 20 line, it is most likely that investors will try to push the price up again. If successful, the price of BNB could jump up to $722. But, if the price of BNB even closes below the 20 EMA line, that could be a sign that the upward trend is starting to weaken. So, BNB may be stuck between the price of $460 to $635 in the next few hours.
Anyway, we are all still waiting, how will the price of BNB move next. Very exciting!
