BNB is finding support at the 20-day EMA ($604), which shows that the bulls are buying on dips.
BNB/USDT Daily Chart | Source: TradingView
The bulls will need to push the price above the $667 resistance to signal the start of a new rally. The BNB/USDT pair could rise to $722, which is also expected to be a solid resistance. However, if the bulls break through this level, the price could surge to $810.
Conversely, if the price continues to decline and breaks below the moving averages, this will indicate that the bullish momentum has weakened. The pair could drop to the uptrend line.