BNB Price Analysis
BNB is in an uptrend but the rally is facing resistance at $721.8, suggesting profit booking from short-term traders.
Currently, the price of BNB is testing the EMA21 and is very close to the $630.3 level where a breakout occurred. If the price of BNB holds the support and bounces back from here we can see a good bullish move.
If the price closes below the support at $630.3 and the trend line this might drag the price to $495.8.
There is very little chance for the price to break the trend line because if the price breaks the support it will test the trend line and EMA 55 at the same time and from here the price could bounce back to the upper level.
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