BNB (BNBUSD) Price Can Break Up $606.1 Level
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BNB (BNBUSD) Price Can Break Up $606.1 Level

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Azeez Mustapha

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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.

BNB (BNBUSD) Price Can Break Up 6.1 Level

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.

BNB (BNBUSD) Price Can Break Up 6.1 Level 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.

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