BNB (BNBUSD) Price: Buyers Oppose Sellers at $729.9

Buyers are gaining momentum

BNBUSD Price Analysis: 08 August

If buyers can hold onto the $756.0 support position and break above the $792.6 resistance position, they might be able to drive the price to test the resistance levels of $840.0 and $866.0. BNB should aim for the previous lows of $729.9 and $692.5 if it can break below the crucial $756.0 hedge.

Key levels:

Supply levels: $792.6, $840.0, $866.0

Demand levels: $756.0, $729.9, $692.5

BNBUSD Long-term Trend: Bullish

On July 10, the cryptocurrency’s price increased from $662.0 to $729.9. Every day, the BNBUSD map displays a bullish trend. Buyers may not accept a lower offer, as shown 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 $866.0 as their power grew. BNB’s recent pull back below $792.6, tested $756.0, suggests that sellers are in charge after the bulls’ impetus failed to break over the indicated level. Currently, bulls are gaining strength and the price is increasing.

The Hull Suite FX data shows that the price of the BNBUSD is currently inclining above the cryptocurrency’s indications. If buyers can hold onto the $756.0 support position and break above the $792.6 resistance position, they might be able to drive the price to test the resistance levels of $840.0 and $866.0. BNB should aim for the previous lows of $729.9 and $692.5 if it can break below the crucial $756.0 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 on July 14 that $729.9 had been paid in total. The price flipped below the target level due to the bears’ fury. $756.0 was the tested price. Buyers resisted the price decrease, and it is currently rising back toward $792.6.

The Hull Suite does reflect the expanding BNB commerce. Significant buying is indicated by a signal line on the QQE MOD index that is above zero.

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