Price Analysis of BNB
BNB
BNB
tickers down
682.49 €
has been trading between the 20-day EMA (692 dollars) and the upper resistance of 722 dollars for a few days, indicating an intense battle between buyers and sellers.
If the price closes below the 20-day EMA, it will suggest that the bulls have given way. This will bring into play the wide range of 685 to 722 dollars. Buyers are expected to fiercely defend the level of 635 dollars, as a break below this could initiate a deeper correction.
Alternatively, if the BNB/USDT pair rises from the current level and breaks above 722 dollars, it will signal that the bulls have overcome the bears. This could initiate an upward move towards 761 dollars and subsequently to 794 dollars.
