BNB bounced from the 50-day SMA ($594) on November 21, indicating positive sentiment and bulls taking advantage of dips to buy.
Daily BNB/USDT chart | Source: TradingView
The BNB/USDT pair could rise to $667, a short-term resistance level to watch. If it surpasses this level, the price may advance to $722. This could be a strong barrier, but if broken, this currency pair could rise to $810.
Conversely, if the price breaks the 50-day SMA support, the price may drop to the upward trend line. The deeper the decline, the longer it will take to recover.
