BNB (BNBUSD) Price Bounces Up at $557.9 Support  Level

Buyers are rulling BNB market

BNBUSD Price Analysis: 22 November

If buyers can hold onto the $606.1 support level and break above the $642.3 resistance level, they might be able to drive the price to test the $662.0 and $688.3 resistance levels. If BNB is able to break through the crucial $606.1 level, it is anticipated that it will challenge the previous lows of $586.5 and $557.9.

BNB/USD Market

Key levels:

Supply levels: $642.3, $662.0, $688.3

Demand levels: $606.1, $586.5, $557.9

BNBUSD Long-term Trend: Bullish

The daily chart of the BNBUSD is displaying positive activity. The price of the cryptocurrency decreased from $688.3 to $460.5 a few weeks ago. As the bulls gained strength, they broke over the $557.9 barrier, which offered some resistance. When BNB rise to $586.5 the previous week, buying took over the market. At the expected support level, there were signs of a favorable reversal. The price’s recent reversal around $557.9 indicates that buyers would be amenable to a higher offer, in contrast to the increasing trend. The price is currently approaching $642.3.

The Hull Suite FX indications show that the price of the SPONGEUSDT is now inclining above the cryptocurrency signals. If buyers can hold onto the $606.1 support level and break above the $642.3 resistance level, they might be able to drive the price to test the $662.0 and $688.3 resistance levels. If BNB is able to break through the crucial $606.1 level, it is anticipated that it will challenge the previous lows of $586.5 and $557.9.

BNBUSD medium-term Trend: Bullish

Over the next four hours, the price of BNBUSD may rise due to the coin’s positive impact. After testing at $57.9, the BNB began to incline. We were informed of this on November 14. The total amount paid was $606.1. The price rise above the mentioned level due to the bulls’ fervor. The high price for now is $642.3.

At the moment, the BNB trade is above the Hull Suite indicator. Significant buying is indicated when the QQE MOD indicator’s signal line is above zero.

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