BNB (BNBUSD) Price Is Attempting to Break Above $366.7 Resistance Level
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BNB (BNBUSD) Price Is Attempting to Break Above $366.7 Resistance Level

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Azeez Mustapha

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Buyers are dominating BNB market

BNBUSD Price Analysis: 17 February

If buyers holding the $356.1 support level and manage to break through the $366.7 resistance level, they may put the $381.5 and $400.0 resistance levels in jeopardy. If BNB closes below the crucial $356.1 barrier and $366.7 holds, it will test the recent lows of $355.1 and $320.3.

BNB/USD Market

Key levels:

Supply levels: $366.7, $381.5, $400.0

Demand levels: $356.1, $355.1, $320.3

BNBUSD Long-term Trend: Bullish

The daily BNBUSD chart exhibits an inclining trend. The cryptocurrency’s price ranged between $320.3 and $296.1 a few weeks ago. This range movement lasted for three weeks. The $320.3 mark, which had been a level of resistance, became a level of support as the bulls gained strength and prevailed. For the previous two weeks, buyers controlled the BNB market, and the $335.1 level was tested.  Its cost varies from $356.1 to $366.7. Right now, there is a strong push to break over the $366.7 level.

BNB (BNBUSD) Price Is Attempting to Break Above 6.7 Resistance Level

The cryptocurrency’s price is currently unstable and just over Hull Suite’s crypto signals indicator.  If buyers hold the $356.1 support level and manage to break through the $366.7 resistance level, they may put the $381.5 and $400.0 resistance levels in jeopardy. If BNB closes below the crucial $356.1 barrier and $366.7 holds, it will test the recent lows of $355.1 and $320.3.

BNBUSD medium-term Trend: bullish

For the next four hours, the coin will be moving northward. When the BNB hit the $288.1 threshold, a bullish trend began. On January 25, this was observed near the $320.3 resistance level. In the end, price increases were the outcome. The $320.3 support level was broken up on February 9. The price is currently attempting to break above the $366.7 resistance level.

BNB (BNBUSD) Price Is Attempting to Break Above 6.7 Resistance Level

Right now, BNB is trading above the Hull Suite signal. When the QQE MOD indication signal line moves above zero, it indicates a buy.

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