Sellers pulled BNB (BNB) below the 20-day EMA ($570) on October 14, but the bulls purchased the dips to the 50-day SMA ($553).
BNB/USDT Daily Chart | Source: TradingView
If the price sustains above $587, the BNB/USDT pair is likely to rise to the overhead resistance at $635. Buyers may find it difficult to push the price above $635, but if they can do so, the next stop is likely to be $722.
This bullish view will be negated in the near term if the price declines and breaks below the $527 support. The pair could then drop to the range support at $460 where buyers are expected to step in.
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