$BNB price prediction

BNB  turned down sharply from the $693 resistance on May 23, signaling aggressive selling by the bears.

The BNB/USDT pair bounced off the 20-day EMA ($647), as seen from the long tail on the candlestick. That shows solid buying at lower levels. The bulls will again try to thrust the price above $693. If they manage to do that, the pair could skyrocket to the $732 to $761 resistance zone.

Instead, if the price turns down and breaks below the 20-day EMA, it suggests that the bulls are booking profits. The pair may then plummet to the 50-day SMA ($612).

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