BNB (BNBUSD) Trends Bullish
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BNB (BNBUSD) Trends Bullish

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Azeez Mustapha

Updated:

BNB (BNBUSD) Price Forecast: February 15

The BNBUSD price is recovering, and trends are bullish, holding firms above the supply levels, even as the broader crypto market reels from intense volatility. The coin price sends a clear bullish signal and surprises investors with a 13% 24-hour surge, indicating buyers are making solid progress. Should the daily candlestick close above the $794.3 high mark, a corrective upward move might follow, extending the correction phase to hit the $800 trend line, backed by increasing trading volume and investors’ interest.

Key Levels:
Resistance Levels: $686, $687, $688
Support Levels: $543, $542, $541

BNB (USD) Long-term Trend: Bullish (Daily Chart)

The BNBUSD pair trends bullish and remains firm above the supply levels in its long-term outlook despite the inflows from the sell traders. However, the upward trend will likely continue following the increasing volume of the bulls. The price bar is above the moving averages, indicating an uptrend.
Binance Coin (BNBUSD) Trends Bullish The bulls’ high order flow to a $697.2 resistance level in the last few days has contributed to the coin’s strength in its recent high.

After completing the $659.4 lows of yesterday, BNB price trends bullish and pulled back to a $685.1 high above the supply levels as the daily chart opens today, trying to replenish the bullish momentum.

Thus, if this bullish growth pattern is steady, an established uptrend to the $794.3 prior level will be achieved.

Additionally, due to an upward momentum shown by the price indicator, BNBUSD’s price might continue to trend bullish and hold the firm above the supply level and could expose the coin price to the $800 upper high level in its long-term outlook.

BNB (USD) Medium-term Trend: Bullish (4H Chart)

Amidst the recent surge in the market, the BNBUSD continues to trend bullish and holds firm above the supply levels in its medium-term outlook.
Binance Coin (BNBUSD) Trends Bullish The crypto is trading in a bullish momentum as the coin price is above the supply levels due to the high inflows from the buy traders.

The high order flow from the bulls in the past session has contributed to its bullishness in its recent high.

Today, the BNB trends are bullish as it rises to a $685.1 high value above the moving average line as the 4-hourly chart opens, offering a good buy entry opportunity for coin traders.

Thus, a successful breakout could propel BNBUSD price towards the $724.7 prior level in the near term, as it approaches the anticipated target.

Notably, the BNBUSD price may continue to trend bullish and remain above the supply level, as shown by the daily signal in an uptrend posture. As a result, the new bullish momentum could hit the $800 upper resistance trend line soon in its medium-term outlook.

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