BNB 

 rose above the 20-day EMA (USD 591) on March 13, but the bulls could not hold the higher levels, as seen in the long wick of the candle.

Daily chart of the BNB/USDT pair. Source: Cointelegraph/TradingView

The bulls are attempting once again to surpass the 20-day EMA. The BNB/USDT pair could challenge the 50-day SMA (USD 624) if they succeed. If the pair exceeds the 50-day SMA, it is estimated that the correction has ended. The pair could attempt a rally towards USD 686.

If the bears want to prevent the rise, they will have to pull the price below the support of USD 500. Then the pair could fall to USD 460, where aggressive buying from the bulls is expected.