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BNB market is dominated with buyers
BNBUSD Price Analysis: 08 March
Buyers may threaten the $520 and $560 resistance levels if they are able to break over the $478 resistance level while clinging to the $429 support level. BNB will test the recent lows of $410 and $386, if it closes below the critical $429 barrier and $478 holds
BNB/USD Market
Key levels:
Supply levels: $478, $520, $560
Demand levels: $429, $410, $386
BNBUSD Long-term Trend: Bullish
The daily BNBUSD chart shows an upward trend. A few weeks ago, the price of the cryptocurrency fluctuated between $386 and $410. As the bulls gathered momentum, the $410 mark—which had previously been a level of resistance—became a level of support. The BNB market was dominated by buyers for the previous two weeks, reaching as high as $429. There’s a big push going on right now to break $478 level.
The price of the cryptocurrency is now stable and just above the top cryptocurrency signals indication, according to Hull Suite forex signals. Buyers may threaten the $520 and $560 resistance levels if they are able to break over the $478 resistance level while clinging to the $429 support level. BNB will test the recent lows of $410 and $386, if it closes below the critical $429 barrier and $478 holds.
BNBUSD medium-term Trend: bullish
The coin will go north for the next four hours. As soon as the BNB crossed $386, a favorable trend started. This was noted on January 25th, not far from the $410 resistance level. In the end, price increases were the result. On February 9, the $429 resistance level was breached. Right now, the price is trying to overcome the $478 resistance level.
BNB is currently trading over the Hull Suite forex signals. A buy is indicated when the QQE MOD indicator signal line moves above zero.
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