BNB price analysis
Long wick on BNB
If the price declines from current levels, the BNB/USDT pair is likely to touch the 20-day EMA ($546). This remains a key level to watch. If the price rebounds from the 20-day EMA, the pair will once again attempt to rise above $600 and reach $645.
On the other hand, if the price falls below the 20-day EMA, it would indicate that the bears are trying to gain the upper hand. The pair may then drop towards the key support at $495. Bulls may aggressively buy dips into this level.
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