BNB (BNBUSD) Price: A Strong Bullish Desire to Surpass $635 Level

Buyers’ pressure is increasing in BNB market

BNBUSD Price Analysis: 29 March

If buyers can break above the $635 resistance level while holding onto the $567 support level, they might pose a challenge to the $674 and $710 resistance levels. If BNB goes below the crucial $567 barrier and $635 holds, it will test the previous lows of $480 and $424.

BNB/USD Market

Key levels:

Supply levels: $635, $674, $710

Demand levels: $567, $480, $428

BNBUSD Long-term Trend: Bullish

The BNBUSD daily chart is climbing. The cryptocurrency’s price broke out of the range movement between $386 and $410 a few weeks ago. The $428 barrier, which had been a level of resistance, turned into a level of support as the bulls gained traction. Over the previous two weeks, buyers ruled the BNB market, which peaked at $635. There is currently a strong desire to surpass the level that was previously specified.

According to Hull Suite forex signals, the price of the cryptocurrency is now stable and a little above the top indication of cryptocurrency signals.  If buyers can break above the $635 resistance level while holding onto the $567 support level, they might pose a challenge to the $674 and $710 resistance levels. If BNB goes below the crucial $567 barrier and $635 holds, it will test the previous lows of $480 and $424.

BNBUSD medium-term Trend: bullish

For the following four hours, the coin will move north. As soon as the BNB crossed $428, a rising trend began. On January 25th, this was observed in close proximity to the $480 resistance level. In the end, there were price hikes. When the $480 resistance level was broken on March 8, the $635 level came under pressure. The price is already approaching the $635 barrier level, which was the previous high.

Right now, BNB is trading above the Hull Suite signal. When the QQE MOD indication signal line moves above zero, it indicates a buy.

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