BNB price analysis

BNB tickers down fell below the 50-day SMA ($605) on June 11, but the bears could not sustain the lower levels. This suggests buying on dips.

BNB/USDT daily chart. Source: TradingView

The bulls are attempting to push the price above the overhead resistance of $635. If they manage to do that, it will suggest that the correction may be over. The BNB/USDT pair may try to rise toward $722.

Alternatively, if the price turns down from the overhead resistance and breaks below $591, it will indicate that every relief rally is being sold into. There is minor support at $560, but if it cracks, the pair may drop to $536.