$BNB Bounced off the 20-day exponential moving average (EMA) at USD 652 on Saturday, indicating that sentiment remains positive and traders are buying on dips.

The upward 20-day exponential moving average (EMA) and the relative strength index (RSI) just above the midpoint indicate a slight edge for the bulls. If the resistance at USD 665 is broken, the BNB/USDT pair could rise to USD 675 and then to USD 698. Sellers are likely to pose a strong challenge at USD 698, as a breakout above this level could push the pair up to USD 732.

This optimistic view would be invalidated in the short term if the price drops and breaks below the moving averages. The pair could then fall to USD 636.