BNB Price Analysis
BNB’s relief rally
tickers down
€692.90
is facing selling at $722, but a minor positive is that the bulls have not allowed the price to fall back below the 20-day exponential moving average ($689).
If the price rises above $722, the BNB/USDT pair could move up to $761. Sellers are expected to pose a strong challenge in the $761-$794 zone, but if buyers break through the resistance, the pair could surge up to $861.
Contrary to this assumption, if the price falls below the 20-day exponential moving average, the pair could slide towards the 50-day simple moving average ($637). This remains the key level that the bulls must defend as a break below it could result in a drop towards $520.#BNB🔥🔥🔥🔥