TECHNICAL ANALYSIS $BNB DATE 20/02/2025

BNB is attempting to recover from the support level of $635, indicating strong buying interest at lower price levels.

This recovery may face selling pressure at the 50-day SMA ($670). If the bulls can push and maintain the price above the 50-day SMA, it will signal that the BNB/USDT pair may trade within a range of $745 to $635 in the coming days.

Conversely, if the price drops from the moving averages, it will indicate that selling pressure is appearing even with small recoveries. In that case, the likelihood of breaking below $635 will increase. If this happens, this currency pair could slide down to $596 and then to $557.