BNB (BNBUSD) Price: Bullish Reversal at $557.7 Zone

Buyers are ruling BNB world

BNBUSD Price Analysis: 21 March

Buyers may be able to push the price to test the $662.0 and $685.0 resistance levels if they can hold onto the $606.1support level and break above the $642.3 resistance level. BNB should go for the prior lows of $585.9 and $557.7 if it can overcome the critical $606.1 barrier.

Key levels:

Supply levels: $642.3, $662.0, $685.0

Demand levels: $606.1, $585.9, $557.7

BNBUSD Long-term Trend: Bullish

The daily chart for the BNBUSD is bullish. On December 9, the cryptocurrency’s price continued to decline, going from $729.9 to $557.7. The bears broke the mentioned barrier as their power grew, despite some pushback. Selling dominates the market, as evidenced by BNB’s recent plunge below $585.9. There were indications of a positive reversal at the anticipated support level. In line with the inclining trend, the price’s latest flip at $557.7 suggests that buyers would accept a higher offer. After retesting at its previous low of $557.7, the price increase. Right now, it costs about $642.3

The price of the BNBUSD is presently inclining above the crypto currency signals, according to the Hull Suite FX indicators. Buyers may be able to push the price to test the $662.0 and $685.0 resistance levels if they can hold onto the $606.1support level and break above the $642.3 resistance level. BNB should go for the prior lows of $585.9 and $557.7 if it can overcome the critical $606.1 barrier.

 

BNBUSD medium-term Trend: Bullish

Over the next four hours, the coin’s favorable impacts could raise the price of BNBUSD. The BNB began to climb after testing at $585.9. On February 3, we discovered that the total amount paid was $729.0. Because of the bulls’ fervor, the price flipped above the target level. Yesterday, $606.1 was the lowest price. The price is approaching $642.3 today.

The BNB trade is above the indication for the Hull Suite. A signal line above zero on the QQE MOD indicator indicates significant buying.

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