BNB experienced a drop below the moving averages on May 14, but quickly recovered from the support line of the symmetrical triangle formation. This suggests that there was strong buying activity at lower price levels. The buyers will now attempt to gain control by pushing the price above the resistance line of the triangle. If successful, the BNB/USDT pair could potentially reach $634 and then $692, with a formation target of $726. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
