BNB (BNBUSD) Price: A Ranging Movement Between $605 and $553 Levels
Login

BNB (BNBUSD) Price: A Ranging Movement Between $605 and $553 Levels

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

BNBUSD awaits a breakout

BNBUSD Price Analysis: 02 August

If buyers can hold onto the $553 support level and break through the $605 resistance level, they might be able to drive price to test the $654 and $688 resistance levels. If BNBUSD breaks below the crucial $553 level, it will test the prior lows of $516 and $456.

BNB/USD Market

Key levels:

Supply levels: $605, $654, $688

Demand levels: $553, $516, $456

BNBUSD Long-term Trend: Bearish

The BNBUSD daily chart is exhibiting a lot of bearish activity. The value of the cryptocurrency dropped from $654 to $516 a few weeks ago. The $654 barrier, which was once a level of support, became a level of resistance as the bears gained strength. Buyers controlled the BNB market the week prior, and it reached a peak of $725. There were indications of bearish resistance at the $725 resistance level. There has been a reversal towards $456 because sellers are willing to buck the increasing trend and lower the price. Right now, there are increasing price fluctuations.

BNB (BNBUSD) Price: A Ranging Movement Between $605 and $553 Levels

Hull Suite forex signals indicate that the price of the SPONGEUSDT is currently inclining above the indication of cryptocurrency signals. If buyers can hold onto the $553 support level and break through the $605 resistance level, they might be able to drive price to test the $654 and $688 resistance levels. If BNB breaks below the crucial $553 level, it will test the prior lows of $516 and $456.

BNBUSD medium-term Trend: Bullish

Over the next four hours, the price of BNBUSD could increase due to the positive impact on the currency. After the BNB crossed the $516 threshold, a climbing trend began. On July 8, this was brought to our notice. In the end, $516 was spent in all. On July 8, the price broke above $516 and was driven higher by bull impetus. As of right present, the cost is $605.

BNB (BNBUSD) Price: A Ranging Movement Between $605 and $553 Levels
The indication for the Hull Suite is currently higher than the trading for BNB. A strong buy is indicated by the QQE MOD indicator’s signal line being above zero.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News