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BNB Update: Is $700 on the Horizon or Bearish Waters Ahead?

BNBUSDT Perpetual Contract (BYBIT:BNBUSDT.P)  
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BYBIT:BNBUSDT.P   BNBUSDT Perpetual Contract
Trend Analysis Beyond Technical Analysis binancecoin BNB bnbusd BNBUSDT BNBUSDTPERP binance binancecoinusd
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trendanalysis beyondta binancecoin bnb bnbusd bnbusdt bnbusdtperp binance binancecoinusd

The daily chart for BNB lacks the momentum and is lingering around $594.

A bullish Bitcoin can push BNB through this key daily resistance, however a reversal in BTC.D will be a game changer for Binance Coin and we will see the next bullish rally towards $700.

A n inability to break through $594 will lead to a weakness with a bearish momentum targeting $543.
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