$BNB is showing a strong move right now. Since it closed above the late November high of $906.50, it has a chance to climb further.

If the price continues rising, it may reach the mid November level of $949.60 and even the $1,018.40 level from November 10. However, the zone between $1,020.50 and $1,087.30 could act as a strong resistance area. If BNB breaks above $1,129.80, it would confirm a strong and long term bullish trend.

On the other hand, BNB has already gained more than 13% from its early December low of $802.60, but it still needs to break above the $906.50 to $949.60 range to confirm a clear bullish reversal. Until that happens, there is still a chance that the price might fall back toward the 200

BNB

893.74

-0.38%

day moving average around $857.40. If BNB drops below $802.60 to $791.80, it may revisit the August low of $729.70.