$BNB BNB price analysis

The current price of BNB is $626.90, which has closed above the 50-day moving average (SMA 50) of $618 on March 17, but the bulls are struggling to maintain higher price levels. It is expected that the pullback will find support at the 20-day exponential moving average (EMA 20) of $602. If the price bounces off the EMA 20 with strong momentum, it will indicate a shift in market sentiment from selling on price increases to buying on price decreases. This increases the likelihood of the price breaking the $644 mark. The BNB/USDT pair could then rise to $686. Conversely, if the price breaks and closes below the EMA 20, it indicates that the buyers are taking profits. This could lead the pair to drop to $550