BNB Price Prediction
BnB rose and closed above the 20-day EMA (USD 661) on June 1. Sellers tried to push the price below the 20-day EMA on June 3, but the bulls managed to defend the level.
The BNB/USDT pair could rebound to USD 693, which would likely pose a significant challenge. If the bulls maintain the pressure and break above USD 693, the pair could soar to USD 732 and eventually to USD 761.
On the contrary, if the price sharply falls from USD 693 and breaks below the 20-day exponential moving average (EMA), this would indicate a possible range-bound action in the short term. The pair could oscillate between USD 634 and USD 693 for a few more days.
