#bnb Price Analysis

On December 27, #bnb (Binance Coin) attempted to break above the resistance level of $722, but failed under the pressure of the bear market.

Repeated failures to break through $722 have increased the likelihood of the price falling below the 20-day EMA ($689). If this occurs, the BNB/USDT pair could drop to the 50-day moving average ($668), and then continue to test the key support level at $635. This support level is expected to attract bullish buying, prompting the pair to consolidate between $635 and $722.

If the price rebounds from the 20-day EMA, bulls will again try to push the pair above $722. If successful, BNB/USDT could rise to $760, then challenge the strong resistance level at $794. #BNB走势