BNB Price Analysis
BNB (BNB) is currently consolidating near the critical overhead resistance at $722, indicating that bulls are maintaining their momentum. The rising moving averages and the RSI slightly above the midpoint suggest that buyers hold a minor advantage. If bulls succeed in pushing the price above $722, the BNB/USDT pair could rally to the next resistance levels at $761 and potentially $794.
Conversely, if bears want to stall the upward momentum, they need to quickly drag the price below the 20-day EMA at $696. A break below this level may trigger short-term profit-taking, which could pull the pair down to the 50-day SMA at $645.
