BNB (BNBUSD) Price: Bulls Are Returning into Market

Buyers Are taken over market

BNBUSD Price Analysis: 03 October

If buyers can hold onto the $1117.1 support position and break over the $1166.8 resistance position, they might be able to drive the price to test the resistance levels of $1280.4 and $1300.0. BNB should aim for the previous lows of $1078.4 and $1023.5 if it can break below the crucial $111.7.1 hedge.

                                                                Key levels:

Supply levels: $1166.8, $1280.4, $1300.0

Demand levels: $1117.1, $1078.4, $1023.5

BNBUSD Long-term Trend: Bullish

On September 21, the price of the cryptocurrency increased from $662.0 and tested the $1023.5 barrier level. Every day, the BNBUSD map displays a bullish trend. Customers may not be willing to pay more, as evidenced by the pricing’s most recent flip at $833.4, which is in line with the adding pattern. Bears were able to defend the forested hedge, bounce off some opposition, and decline to challenge $900.2 as their strength diminished. The fact that BNB recently rise above $1078.4 after being challenged at that level suggests that buyers who fought the bears’ advance were successful in reaching the anticipated objective. As the price inclines and bulls gain strength, it is currently reaching $1166.8.

The Hull Suite FX statistics show that the price of BNBUSD is currently rising above the cryptocurrency’s indicators. If buyers can hold onto the $1117.1 support position and break over the $1166.8 resistance position, they might be able to drive the price to test the resistance levels of $1280.4 and $1300.0. BNB should aim for the previous lows of $1078.4 and $1023.5 if it can break below the crucial $111.7.1 hedge.

BNBUSD medium-term Trend: Bullish

The currency’s advantages can cause the price of BNBUSD to rise by four hours. The BNB tested at $1023.5 and then started to incline. We found out on September 21 that the entire payment was more than $1078.4. The price flipped above the target level as a result of the bulls’ fury. $1117.1 was the tested price. The price is quickly rising up to its prior high of $1166.8 due to buyer desire.

The Hull Suite reflects the inclining BNB trade. Significant buying is indicated by a signal line on the QQE MOD index that is above zero.

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