BNB (BNBUSD) Price: Buyers May Push Price Above $642.3

BNB market under bulls’ control

BNBUSD Price Analysis: 09 May

If buyers can hold onto the $586.2 support position and break above the $606.1 resistance position, they might be able to drive the price to test the $642.3 and $662.0 resistance circumstances.

Key levels:

Supply levels: $642.3, $662.0, $685.6

Demand levels: $606.1, $557.4, $537.0

BNBUSD Long-term Trend: Bullish

The price of the cryptocurrency increased from $557.7 to $662.0 on December 9; the bears overcame some resistance as their strength increased and entered the forenamed hedge; BNB’s rearmost increase above $586.2 indicates that dealing dominates the request; it was suggested that the trend toward up casting was still running strong; and the price’s most recent flip at $606.1, which is consistent with the adding pattern, suggests that buyers might not accept a lower offer. The BNBUSD map shows a bullish trend every day.

The price of the BNBUSD is presently climbing above the signals for the cryptocurrency, according to the Hull Suite FX points. Buyers may be able to push the price to test the $662.0 and $685.6 resistance conditions if they can hold onto the $606.1 support position and break above the $642.3 resistance position. If BNB can break below the critical $606.1 hedge, it should target the prior lows of $557.4 and $537.0.

BNBUSD medium-term Trend: Bullish

The coin’s favorable impacts may result in an increase in the price of BNBUSD throughout the course of the following four hours. After testing at $557.4, the BNB began to rise. On March 25, we learned that a total of $606.1 had been paid. The bulls’ rage caused the price to flip above the target level. Right now, the price may test $642.3.

The Hull Suite recommendation is lower than the BNB trading. A signal line above zero on the QQE MOD index indicates significant purchasing.

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