BNB (BNBUSD) Price Commences An Uptrend

Bulls are controlling BNB market

BNBUSD Price Analysis: 18 April

Buyers may be able to push the price to test the $642.3 and $662.0 resistance levels if they can hold onto the $586.2 support level and break above the $606.1 resistance level. If BNB can break over the crucial $586.2 barrier, it should target the previous lows of $557.9 and $537.5.

Key levels:

Supply levels: $606.1, $642.3, $662.0

Demand levels: $586.2, $557.9, $537.5

BNBUSD Long-term Trend: Bullish

The BNBUSD chart shows a bullish trend every day. On December 9, the cryptocurrency’s price increased even further, from $557.7 to $662.0. As their power grew, the bears overcame some opposition and penetrated the aforementioned barrier. Selling dominates the market, as evidenced by BNB’s latest drop below $585.9. There were indications that the downward trend was still going strong. Buyers may not accept a lower offer, as evidenced by the price’s most recent flip at $557.9, which is in line with the increasing trend.

The price of the BNBUSD is presently inclining above the crypto currency signals, according to the Hull Suite FX indicators. Buyers may be able to push the price to test the $642.3 and $662.0 resistance levels if they can hold onto the $586.2 support level and break above the $606.1 resistance level. If BNB can break over the crucial $586.2 barrier, it should target the previous lows of $557.9 and $537.5.

BNBUSD medium-term Trend: Bullish

The coin’s favorable impacts may result in an increase in the price of BNBUSD over the next four hours. The BNB began to fall after testing at $606.1. On March 25, we discovered that a total of $642.3 had been paid. The bulls’ rage caused the price to flip above the target level.

Yesterday, the highest price was $586.2. The price may test $606.1 today.
The Hull Suite indication is lower than the BNB trading. A signal line above zero on the QQE MOD indicator indicates significant buying.

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