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

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.

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.

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.

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