$BNB $BNB BNB Could Rebound in Value

The price of BNB broke above its 200-day exponential moving average (EMA) at around $620.5 and rose nearly 5% on Monday. This level roughly coincides with the daily resistance level at $612.50, and a breakout above these levels indicates a bullish movement. However, BNB decreased slightly over the following two days, retesting and finding support around the daily level of $612.50. At the time of writing, on Thursday, it is trading slightly higher, around $624.