🚨BNB Price Analysis: Battling Resistance! 🚀
BNB (BNB) has been making a valiant effort to push toward the overhead resistance at $635, but selling pressure is mounting near $612.
📈 Current Indicators:
The gradually upsloping moving averages and the Relative Strength Index (RSI) just above the midpoint indicate that buyers hold a minor advantage in this battle. If the price rebounds from the current level or the 20-day EMA at $589, it boosts the potential for a rally toward $635.
🔑 Key Resistance:
While buyers may face challenges overcoming this resistance, a successful breakout could send the BNB/USDT pair soaring to $722!
🔒 Support Levels:
On the downside, keep an eye on the 50-day SMA, a critical support level. If it gives way, the pair may experience a significant drop, potentially plummeting to $527.
What do you think will happen next for BNB? 💬
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