BNB $573.25 turned up from $507 on March 11, indicating that the bulls are aggressively defending the $500 to $460 support zone.
The relief rally is expected to face selling at the 20-day EMA ($592). If the price turns down sharply from the 20-day EMA, the bears will try to sink the BNB/USDT pair below $500. The pair may drop to $460 if they can pull it off.
Instead, if the price rises above the 20-day EMA, it will signal that the pair may remain inside the $460 to $745 range for a while longer. The bulls will be back in the driver’s seat on a break and close above the 50-day SMA ($628).