fell below the moving averages on April 30, indicating that the bulls are losing control.
Buyers will need to push the price back above the moving averages quickly to stay in the game. A breakout and close above USD 620 indicates an advantage for the bulls and opens the door to a rally up to USD 644.
Sellers could pose a significant challenge at USD 644, but if buyers prevail, the BNB/USDT pair could surge up to USD 680.
On the contrary, a close below the moving averages suggests that the bears are trying to form a lower high. The pair could drop to USD 576 and then to USD 566, where bulls are expected to intervene.