BNB (BNBUSD) Price: Bulls Dominate Market

BNBUSD price is increasing

BNBUSD Price Analysis: 14 February

If buyers can hold onto the $662.9 support level and break above the $686.3 resistance level, they might be able to drive the price to test the $729.9 and $756.0 resistance levels. If BNBUSD can break through the crucial $662.9 barrier, it should target the previous lows of $643.4 and $606.7

Key levels:

Supply levels: $686.3, $729.9, $756.0

Demand levels: $662.9, $643.4, $606.7

BNBUSD Long-term Trend: Bullish

The BNBUSD daily chart is becoming better. The price of the cryptocurrency began to decrease on December 4 and went from $756.0 to $516.4. The bears gained strength and broke below the $606.7 level, which offered some resistance. When BNB jumped above $643.4 the previous week, buying took over the market. At the expected resistance level, there were signs of a positive reversal. The price’s recent reversal around $606.7 indicates that buyers would accept a higher offer, in contrast to the downward trend. The price increase back after retesting its prior low of $516.4. The current price is $686.3.

The Hull Suite FX indicators show that the price of the BNBUSD is currently inclining below the crypto currency signals. If buyers can hold onto the $662.9 support level and break above the $686.3 resistance level, they might be able to drive the price to test the $729.9 and $756.0 resistance levels. If BNB can break through the crucial $662.9 barrier, it should target the previous lows of $643.4 and $606.7.

BNBUSD medium-term Trend: Bullish

Over the next four hours, the coin’s positive effects can lead to an incline in the price of BNBUSD. The BNB tested at $516.4 and then started to rise. We learned that $662.0 had been paid in total on December 4. The bulls’ zeal caused the price to rise above the goal level. The lowest price was $662.9 yesterday. The price is getting closer to $686.3 today.

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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