BNBUSD Price Analysis – March 25
The price will increase to the $448 level and when the daily candle closes above it, the price may increase to $516, penetrate it, and may expose the price to the $581 resistance level. If there is an opposition by the bears at the resistance level of $448, the price may decrease towards the support levels of $382, $329 and $256.
BNB/USD Market
Key levels:
Supply levels: $448, $516, $581
Demand levels: $382, $329, $256
BNBUSD Long-term Trend: Bullish
BNBUSD is on the bullish movement in the long-term outlook. The crypto was on the ranging mode last two weeks. The bears’ momentum was low and the same with the bulls’ momentum. The price was moving within $329 and $382 levels. The price broke up the resistance level of $382 on March 22. The price is gradually increasing towards the resistance level of $448 at present time.
The fast moving average has crossed the slow moving average upside. The price is trading above the 9 periods EMA and the 21 periods EMA as an indication of bullish movement. The price will increase to the $448 level and when the daily candle closes above it, the price may increase to $516, penetrate it, and may expose the price to the $581 resistance level. If there is an opposition by the bears at the resistance level of $448, the price may decrease towards the support levels of $382, $329 and $256. The relative strength index period 14 is at 60 levels pointing upside to indicate buy signal.
BNBUSD medium-term Trend: Bullish
The Binance Coin is under the control of the bulls. Bulls prevailed over the bears after long period of consolidation. The bulls were able to break up the resistance level of $397 last week. At the moment, the price is targeting the resistance level of $448. Further price increase envisaged.
The 9 periods EMA is above the 21 periods EMA and the coin is trading above the two EMAs to indicate that bullish movement is in progress. The Relative Strength Index period 14 is at 65 levels displaying a bullish direction.
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