BNB (BNBUSD) Price: Buyers Are Prevailing Over Sellers

Price tests $866.0 level

BNBUSD Price Analysis: 15 August

Buyers may be able to push the price to test the resistance levels of $878.0 and $882.2 if they can hold onto the $840.0 support position and break above the $866.0 resistance position. If BNBUSD can break below the critical $840.0 hedge, it should target the prior lows of $792.6 and $756.0.

Key levels:

Supply levels: $866.0, $878.0, $882.2
Demand levels: $840.0, $792.6, $756.0

BNBUSD Long-term Trend: Bullish

The price of the cryptocurrency rose from $662.0 to $792.6 on July 10. The BNBUSD map shows a bullish trend each day. The price’s most recent flip at $756.0, which is consistent with the adding pattern, indicates that buyers might not accept a lesser offer. As their strength increased, bulls were able to penetrate the forenamed hedge, get past some resistance, and challenge $840.0. BNB’s recent decline below $792.6, which was challenged at $756.0, indicates that sellers opposed the bulls’ rally failed to surpass the level that was predicted. At the moment, the price is rising and bulls are getting stronger.

The price of the BNBUSD is presently rising above the cryptocurrency’s signals, according to the Hull Suite FX statistics. Buyers may be able to push the price to test the resistance levels of $878.0 and $882.2 if they can hold onto the $840.0 support position and break above the $866.0 resistance position. If BNB can break below the critical $840.0 hedge, it should target the prior lows of $792.6 and $756.0.

BNBUSD medium-term Trend: Bullish

Over the following four hours, the benefits of the currency can lead to a decline in the price of BNBUSD. After testing at $662.0, the BNB began to rise. On July 14, we learned that a total of $7929.6 had been paid. The bears’ rage caused the price to flip below the target level. The tested price was $756.0. Due to buyer resistance, the price is now returning to its previous high level of $866.0.

The growing BNB trade is reflected in the Hull Suite. A signal line above zero on the QQE MOD index indicates significant purchasing.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK