BNB (BNBUSD) Price: Bears Defend $1200.0 Zone

Sellers take over market

BNBUSD Price Analysis: 26 September

Buyers may be able to push the price to test the resistance levels of $1.000.4 and $1200.0 if they can hold onto the $900.2 support position and break above the $965.2 resistance position. If BNB can break below the critical $900.2 hedge, it should target the prior lows of $876.2 and $833.4.

                                                              Key levels:

Supply levels: $965.2, $1000.4, $1200.0

Demand levels: $900.2, $876.2, $833.4

BNBUSD Long-term Trend: Bearish

The price of the cryptocurrency rose from $662.0 and tested the resistance level of $1023.5 on September 21. The BNBUSD map shows a bullish trend each day. The pricing most recent flip at $833.4, which is consistent with the adding pattern, shows that customers might not accept a higher price. As their strength decreased, bears were able to defend the forenamed hedge, bounced off some resistance, and decline to challenge $900.2. After being challenged at $900.2, BNB just dropped below $900.2, indicating that sellers who resisted the bulls’ advance were able to hit the expected target. The price is currently touching $900.2 as it is decreasing and bears are getting stronger.

The price of BNBUSD is presently decreasing below the cryptocurrency’s indications, according to the Hull Suite FX statistics. Buyers may be able to push the price to test the resistance levels of $1.000.4 and $1200.0 if they can hold onto the $900.2 support position and break above the $965.2 resistance position. If BNB can break below the critical $900.2 hedge, it should target the prior lows of $876.2 and $833.4..

 

BNBUSD medium-term Trend: Bearish

The benefits of the currency could lead to a four-hour spike in the price of BNBUSD. After testing at $1023.5, the BNB began to fall. On September 21, we discovered that the total amount paid was less than $965.2. The bears’ rage caused the price to flip below the target level. The tested price was $900.2. Due to demand from purchasers, the price is rapidly fallng back to its previous low of $900.2.

The falling BNB trade is reflected in the Hull Suite. A signal line below zero on the QQE MOD index indicates significant selling.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK