BNB (BNBUSD) Price Attempts to Break Up $411 Resistance Level
Login

BNB (BNBUSD) Price Attempts to Break Up $411 Resistance Level

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

Azeez Mustapha

Updated:

Bulls’ momentum increases in BNB market

BNBUSD Price Analysis: 01 March

If buyers can breach the $411 resistance level while holding onto the $386 support level, they might put the $428 and $450.0 resistance levels in jeopardy. If BNB closes below the crucial $386 barrier and $411 holds, it will test the recent lows of $366 and $355.

BNB/USD Market

Key levels:

Supply levels: $411, $428, $450

Demand levels: $386, $366, $355

BNBUSD Long-term Trend: Bullish

There is an upward trend visible in the daily BNBUSD chart. The cryptocurrency’s price ranged between $355.1 and $366.1 a few weeks ago. The $366 mark, previously a level of resistance, turned into a level of support as the bulls gained traction. For the preceding two weeks, buyers controlled the BNB market, testing the $411 level, which ranges between $386 and $366.7. There is currently a significant push to overcome the $411 mark.

BNB (BNBUSD) Price Attempts to Break Up 1 Resistance Level

According to Hull Suite forex signals, the cryptocurrency’s price is now unstable and marginally above the best cryptocurrency signals indicator.  If buyers can breach the $411 resistance level while holding onto the $386 support level, they might jeopardize the $428 and $450.0 resistance levels. If BNB closes below the crucial $386 barrier and $411 holds, it will test the recent lows of $366 and $355.

BNBUSD medium-term Trend: bullish

For the following four hours, the coin will journey northward. A positive trend began as soon as the BNB broke through the $264 mark. On January 25th, this was observed near the $355 resistance level. The end consequence was price increases. The $366 resistance level was broken on February 9. The price is currently attempting to break over the $411 resistance mark.

BNB (BNBUSD) Price Attempts to Break Up 1 Resistance Level

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

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