$BNB

BNB has surged from $507 on March 11, indicating that the bulls are actively defending the support zone of $500-$460.

The expected recovery is likely to encounter resistance at the 20-day EMA line ($592). If the price sharply reverses from the 20-day EMA, the bears will attempt to push the BNB/USDT pair below $500. If successful, the pair could drop to $460.

Conversely, if the price breaks above the 20-day EMA, it will signal that the pair may continue to oscillate within the $460-$745 range for some time. The bulls will regain control if the price moves above the 50-day SMA line ($628).