BNB (BNBUSD) Price Is Increasing Towards $642.3 Level
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BNB (BNBUSD) Price Is Increasing Towards $642.3 Level

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Azeez Mustapha

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Buyers are dominating BNBUSD market

BNBUSD Price Analysis: 27 September

If buyers can hold onto the $597.6 support level and break above the $642.3 resistance level, they might be able to drive price to test the $688.3 and $725.7 resistance levels. If BNBUSD is able to break below the crucial $597.6 barrier, it is anticipated that it will test the prior lows of $553.8 and $516.4.

BNB/USD Market

Key levels:

Supply levels: $642.3, $688.3, $725.7

Demand levels: $597.6, $553.8, $516.4

BNBUSD Long-term Trend: Bullish

There is a lot of bullish activity visible on the BNBUSD daily chart. The price of the cryptocurrency dropped from $688.3 to $516.4 a few weeks ago. With the bears gaining steam, the $688.3 barrier—which had been a level of support—became a barrier to overcome. Buyers dominated the market the previous week, when BNB hit its peak price of $642.3. There were indications of a favorable reversal at the anticipated resistance level. The price’s recent reversal towards $553.8 indicates that buyers may be willing to defy the upward trend and submit a higher offer. The price is currently increasing and getting close to $642.3.

BNB (BNBUSD) Price Is Increasing Towards 2.3 Level

Hull Suite forex indications indicate that the price of the SPONGEUSDT is presently rising above the indication of cryptocurrency signals. If buyers can hold onto the $597.6 support level and break above the $642.3 resistance level, they might be able to drive price to test the $688.3 and $725.7 resistance levels. If BNB is able to break below the crucial $597.6 barrier, it is anticipated that it will test the prior lows of $553.8 and $516.4.

BNBUSD medium-term Trend: Bullish

The coin’s favorable effect may cause the price of BNBUSD to rise over the following four hours. The BNB began to increase after it crossed $516.4. We learned of this on September 7. The total amount spent was $553.8. On September 18, the price broke above $553.8 thanks to the bulls’ enthusiasm. At the moment, the price is higher than $597.6.

BNB (BNBUSD) Price Is Increasing Towards 2.3 Level

At the moment, the BNB trade is above the Hull Suite indicator. A large buy is indicated by the QQE MOD indicator’s signal line being above zero.

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