BNB price prediction

[madtrader]

The failure of the bulls to push BNB $615.67 above the 50% retracement level of $676 has started a pullback toward $570.

BNB/USDT daily chart. Source: Cointelegraph/TradingView
The bulls are expected to mount a strong defense at the $570 level, but if the bears prevail, the BNB/USDT pair may resume its downtrend and collapse toward the psychological support at $500.

Contrarily, if the BNB price turns up from the current level of $570, it suggests demand at lower levels. The bulls will then attempt to drive the pair above $669. If they manage to do that, the pair may rally to the 20-day EMA ($730).

[JanEmil]

CZ have really made some angry on X