BNB (BNBUSD) Price: Buyers Are Trying to Take Over

Sellers are increasing in number

BNBUSD Price Analysis: 25 January

Buyers may be able to push the price to test the $730.0 and $756.0 resistance levels if they can hold onto the $662.0 support level and break above the $686.2 resistance level. BNB should go for the prior lows of $642.3 and $606.1 if it can overcome the critical $662.0 level.

Key levels:

Supply levels: $686.2, $730.0, $756.0

Demand levels: $662.0, $642.3, $606.1

BNBUSD Long-term Trend: Bearish

The daily BNBUSD chart is falling. On November 6, the cryptocurrency’s price started to rise, rising from $585.5 to $756.0. The $662.0 barrier provided some resistance, but the bulls grew stronger and broke above it. The market was dominated by purchasing when BNB rose to $686.2 the week before. There were indications of a bearish reversal at the anticipated resistance level. In contrast to the increasing trend, the price’s recent reversal around $756.0 suggests that sellers would accept a higher offer. Right now, the price is lower than $686.2.

The price of the BNBUSD is presently falling below the crypto currency signals, according to the Hull Suite FX indicators. Buyers may be able to push the price to test the $730.0 and $756.0 resistance levels if they can hold onto the $662.0 support level and break above the $686.2 resistance level. BNB should go for the prior lows of $642.3 and $606.1 if it can overcome the critical $662.0 level.

BNBUSD medium-term Trend: Bearish

The coin’s negative effects may cause the price of BNBUSD to fall during the course of the following four hours. After testing at $756.0, the BNB began to decline. On December 4, we discovered that a total of $662.0 had been paid. The price fell below the target level due to the bears’ fervor. Last week, $686.2 was the lowest price. The price is falling approaching $662.0 today.

The Hull Suite indication is above the BNB trade. When the signal line of the QQE MOD indicator is below zero, it indicates significant selling.

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