BNB (BNBUSD) Price: Buyers May Challenge $674 and $710 Resistance Levels

Bulls’ momentum is increasing in BNB market

BNBUSD Price Analysis: 05 April

If buyers can break above the $635 resistance level while holding onto the $567 support level, they might pose a challenge to the $674 and $710 resistance levels. If BNB goes below the crucial $567 barrier and $635 holds, it will test the previous lows of $480 and $424.

BNB/USD Market

Key levels:

Supply levels: $635, $674, $710

Demand levels: $544, $478, $428

BNBUSD Long-term Trend: Bullish

The daily chart of BNBUSD is rising. A few weeks ago, the price of the cryptocurrency burst out of the range movement between $386 and $410. As the bulls gathered momentum, the $428 barrier—which had previously been a level of resistance—became a level of support. The BNB market saw buyers dominate during the preceding two weeks, peaking at $635. There is currently a great desire to exceed the previously stated threshold.

The price of the cryptocurrency is currently stable and slightly above the top indication of cryptocurrency signals, according to Hull Suite forex signals.  Buyers may challenge the $674 and $710 resistance levels if they can break above the $635 resistance level while clinging to the $544 support level. BNB will test the prior lows of $478 and $428 if it breaks below the critical $544 barrier and $635 holds.

BNBUSD medium-term Trend: bullish

The coin will move north for the next four hours. A rising trend started as soon as the BNB crossed $428. This was noted on January 25th, not far from the $480 resistance level. Ultimately, there were price increases. On March 8, pressure built up to the $635 level after the $480 resistance level was breached. The previous high, at $635, is already being approached by the price.

BNB is currently trading over the Hull Suite signal. A buy is indicated when the QQE MOD indicator signal line moves above zero.

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