BNB (BNBUSD) Holds Firm above Supply Trend Levels
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BNB (BNBUSD) Holds Firm above Supply Trend Levels

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Azeez Mustapha

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BNB (BNBUSD) Price Forecast: January 29

Today, the upward trend dominates the BNBUSD pair as the price at $905.91holds firm above supply levels, sparking renewed optimism among investors. The entire market is up by 10% and headed for higher highs as derivatives traders turn overwhelmingly bullish on the asset. Should the daily candlestick close above the $950.48 supply mark, a corrective upward move might follow, extending the correction phase to meet the resistance at the $958.38 trend line, backed by increasing trading volume and investors’ interest.

Key Levels:
Resistance Levels: $915.00 $916.00 $917.00
Support Levels:    $874.00, $873.00, $872.00

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

The BNBUSD pair remains and holds firm above the supply levels, suggesting a bullish trend in its long-term outlook despite the inflows from sell traders.
BNB (BNBUSD) Holds Firm above Supply Trend Levels However, the upward trend may continue, following the increasing volume of the bulls.

The sustained bullish pressure at a $900.29 in the last session also contributed to the growth of the crypto lately.

At press time, BNB price holds firm above the supply levels at $905.91 as the 4-hourly chart opens today, trying to replenish the bullish momentum.

Thus, if this bullish growth pattern is steady, an established uptrend to the $950.48 prior peak level will be achieved.

Additionally, due to upward momentum shown by the price indicator, the BNBUSD price might continue to hold firm above the supply level and could expose the coin price to an upper resistance level of $958.00 in its long-term outlook.

BNB (USD) Medium-term Trend: Bullish (1H Chart)

Amidst the recent surge in the market, the BNBSD pair holds firm above the supply levels in its medium-term outlook, exhibiting a stunning bullish continuation structure.
BNB (BNBUSD) Holds Firm above Supply Trend Levels The fact that the price is rising above the moving averages indicates that buyers are more active in the market.

BNB Trends above Supply Levels

$BNB is awakening. 🚀Reversing from the $880 support and aiming for the $1K milestone above supply levels.

 

The bullish impact on the token at a $893.70 supply level in the last few hours has sustained its firmness above the supply levels in its recent high.

Today, the bulls moved upward to the $905.91 high value above the moving average lines as the 1-hourly chart opens, encouraging buyers to invest in the asset because potential future gains are assured.

The BNB price appears promising as the bulls remain dominant and hold the market price above the supply levels.

If the bulls increase their price action and bullish momentum is sustained far above the current resistance trend lines, further bearish sentiment will be held.

Meanwhile, the BNBUSD market exhibits rising momentum on the daily signal, indicating that the pair will continue to grow to the upside.

As a result, the crypto price may surge to the $950.00 upper resistance trend line in the next few days, as it overcomes selling pressure in its medium-term perspective.

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