#加密市场回调

BNB Price Prediction

On May 23, BNB sharply retreated from the resistance level of $693, indicating that bears are aggressively selling.

From the long lower shadow of the candlestick, it can be seen that the BNB/USDT trading pair received support at the 20-day moving average ($647), showing that there is strong buying interest at lower levels. Bulls will attempt to push the price above $693 again. If successful, this trading pair could rapidly soar to the resistance range of $732-$761.

On the other hand, if the price retraces and falls below the 20-day moving average, it would indicate that bulls are taking profits. This trading pair could plummet to the 50-day simple moving average ($612).