$BNB BNB 

BNB

$649.82

 rose above the 20-day EMA ($659) on Monday, and the bulls are trying to push the price toward the $693 resistance.

The flattish 20-day EMA and the RSI just above the midpoint signal a range-bound action in the near term. The BNB/USDT pair could remain stuck inside the $634 to $693 range for a while longer.

A break and close above the $693 resistance suggests the bulls have overpowered the bears. The pair could rally to $732 and subsequently to $761. The trend will favor the bears on a break below $634.