BNB (BNBUSD) Price: Buyers Opposes Sellers at $456 Resistance Level
Login

BNB (BNBUSD) Price: Buyers Opposes Sellers at $456 Resistance Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Buyers are dominating BNBUSD market

BNBUSD Price Analysis: 13 September

If buyers can hold onto the $516 support level and break beyond the $553 resistance level, they might be able to drive price to test the $605 and $654 resistance levels. If BNB is able to break below the crucial $516 barrier, it is anticipated to test the prior lows of $456 and $400.

BNB/USD Market

Key levels:

Supply levels: $553, $605, $654

Demand levels: $516, $456, $400

BNBUSD Long-term Trend: Bullish

There is a lot of bullish activity on the BNBUSD daily chart. The price of the cryptocurrency dropped from $654 to $516 a few weeks ago. As the bears gained traction, the $654 barrier—which had previously been a measure of support—became a level of opposition. The BNB market was dominated by purchasers the previous week, when the price peaked at $654. There were indications of a bullish reversal at the designated resistance level. The price has reversed towards $553, indicating that buyers are willing to deviate from the decreasing trend and offer a higher price. Right present, the price is inclining and getting closer to $553.

BNB (BNBUSD) Price: Buyers Opposes Sellers at $456 Resistance Level

According to Hull Suite forex signals, the price of the SPONGEUSDT is presently rising above the indication of cryptocurrency signals. If buyers can hold onto the $516 support level and break beyond the $553 resistance level, they might be able to drive price to test the $605 and $654 resistance levels. If BNB is able to break below the crucial $516 barrier, it is anticipated to test the prior lows of $456 and $400.

BNBUSD medium-term Trend: Bullish

Over the next four hours, the price of BNBUSD could increase due to the positive impact on the cryptocurrency. After surpassing $516, the BNB began an increase. On September 07, this was brought to our notice. There was $553 spent in all. On September 7, the price broke above $516 due to the bulls’ momentum. Right now, it costs $553.

BNB (BNBUSD) Price: Buyers Opposes Sellers at $456 Resistance Level Right now, the BNB trade is above the Hull Suite indicator. A hefty sale is indicated by the QQE MOD indicator’s signal line being above zero.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News