$BNB

$BNB The BNB bulls

BNB

590.10 €

are facing resistance at 644 dollars, but a positive sign is that buyers have not ceded much ground to the bears.

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

The 20-day EMA (616 dollars) has started to turn upwards, and the RSI is in the positive zone, suggesting that the path of least resistance is upwards. If buyers push the price above 644 dollars, the BNB/USDT pair could rise to 686 dollars. This level could again act as a strong barrier, but if the bulls overcome it, the pair could rise to 745 dollars.

The first sign of weakness will be a break and close below the 20-day EMA. That could pull the price down to the 38.2% Fibonacci retracement level at 591 dollars.