BNB market may still be dominated by buyers
BNBUSD Price Analysis: 12 January
The $335.1 and $356.1 resistance levels could be in peril if buyers holding the $290.0 support level smash the $316.2 resistance level. The recent lows of $263.3 and $237.1 will be tested if $326.2 holds and BNB closes below the key $290.0 level.
BNB/USD Market
Key levels:
Supply levels: $316.2, $335.1, $356.1
Demand levels: $290.0, $263.3, $237.1
BNBUSD Long-term Trend: Bearish
The daily BNBUSD chart shows a downward trend. A few weeks ago, the price of the cryptocurrency fluctuated between $263.3 and $237.1. Three weeks passed during this range movement. The $263.3 level, which had been a resistance level, turned into a support level as the bulls gained traction and won. In the BNB market, buyers dominated the preceding two weeks, and $335.1 level was tested. The price retreated and touched $314.6. It has been hovering between $316.2 and $290.0 since last week.
The price of the cryptocurrency is currently ranging and is just below the Hull Suite indicator. The $335.1 and $356.1 resistance levels could be in peril if buyers holding the $290.0 support level smash the $316.2 resistance level. The recent lows of $263.3 and $237.1 will be tested if $326.2 holds and BNB closes below the key $290.0 level.
BNBUSD medium-term Trend: Ranging
The coin may move in a range throughout the next four hours. A bullish trend was started by the double bottom pattern, which was initially noticed on December 26 near the $263.3 support level. Price increases were the result. On December 28, the $335.1 resistance level was examined. Price started to decrease and hit $290.0 before retreating and continuing to range between $316.2 and $290.0.
BNB is trading around the Hull Suite indicator. A buy is indicated by the QQE MOD indicator signal line’s upward above zero level.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.