Buyers may exert more pressure
BNBUSD Price Analysis: 25 October
If buyers can hold onto the $586.5 support level and break above the $606.1 resistance level, they might be able to drive the price to test the $642.3 and $688.3 resistance levels. If BNB can break through the crucial $586.5 barrier, it is anticipated that it will test the prior lows of $557.9 and $537.0.
BNB/USD Market
Key levels:
Supply levels: $606.1, $642.3, $688.3
Demand levels: $586.5, $557.9, $537.0
BNBUSD Long-term Trend: Bullish
There is a lot of positive activity on the BNBUSD daily chart. The price of the cryptocurrency increased from $537.0 to $606.1 a few weeks ago. As the bulls gained strength, they were able to break through the $516.4 barrier, which had offered some support. The previous week, when BNB hit its low price of $537.0, sellers controlled the market. At the expected support level, there were signs of a favorable reversal. The price’s recent reversal towards $606.1 indicates that purchasers might be willing to make a greater offer, in contrast to the declining trend. The price is currently approaching $642.3.
The Hull Suite FX indications show that the price of the SPONGEUSDT is currently rising above the cryptocurrency signals. If buyers can hold onto the $586.5 support level and break above the $606.1 resistance level, they might be able to drive the price to test the $642.3 and $688.3 resistance levels. If BNB can break through the crucial $586.5 barrier, it is anticipated that it will test the prior lows of $557.9 and $537.0.
BNBUSD medium-term Trend: Bullish
The coin’s positive influence may cause the price of BNBUSD to rise during the course of the next four hours. After testing $537.0, the BNB began to increase. We were informed of this on September 28. $606.1 was the total amount paid. The price surged above $586.1 due to the bulls’ fervor. Right now, the price is $586.5 more.
At the moment, the BNB trade is above the Hull Suite indicator. A significant purchase is indicated when the QQE MOD indicator’s signal line is above zero.
Start using a world-class auto trading solution
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.