Binance (BNBUSD) Price: Bulls Prevails Over Bears, Price Targeting $448 Resistance Level

Updated:

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.

Daily 37

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.

4 hours 24

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.

You can purchase Lucky Block here.  Buy LBlock:

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.