BNB (BNBUSD) Price: Buyers Are Becoming More Powerful

Price breaks above $640 line

BNBUSD Price Analysis: 22 August

If buyers can hold onto the $840.0 support position and break above the $866.0 resistance position, they might be able to drive the price to test the resistance levels of $878.0 and $882.2. BNB should aim for the previous lows of $792.6 and $756.0 if it can break below the crucial $840.0 hedge.

                                                            Key levels:

Supply levels: $866.0, $878.0, $882.2

Demand levels: $840.0, $792.6, $756.0

BNBUSD Long-term Trend: Bullish

On July 10, the cryptocurrency’s price increased from $662.0 to $792.6. Every day, the BNBUSD map displays a bullish trend. Customers may not accept a lower offer, as evidenced by the price’s most recent flip at $756.0, which is in line with the adding pattern. Bulls were able to break through the forenamed hedge, overcome some resistance, and test $840.0 as their strength grew. The recent drop in BNB below $792.6, which was contested at $756.0, suggests that sellers who fought the bulls’ surge were unable to reach the anticipated objective. The price is currently rising, and bulls are becoming more powerful.

The Hull Suite FX analytics show that the price of the BNBUSD is currently soaring above the cryptocurrency’s indications. If buyers can hold onto the $840.0 support position and break above the $866.0 resistance position, they might be able to drive the price to test the resistance levels of $878.0 and $882.2. BNB should aim for the previous lows of $792.6 and $756.0 if it can break below the crucial $840.0 hedge.

BNBUSD medium-term Trend: Bullish

The currency’s advantages may cause the price of BNBUSD to drop over the next four hours. The BNB tested at $662.0 and then started to increase. We found out that $7929.6 had been paid in total on July 14. The price flipped below the target level as a result of the bears’ fury. $756.0 was the tested price. The price is currently rising back to its peak of $866.0 due to buyer resistance.

The Hull Suite reflects the expanding BNB trade. On the QQE MOD index, a signal line above zero denotes substantial buying.

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