BNB (BNBUSD) Price Is Moving Within $635 and $544 Levels
Login

BNB (BNBUSD) Price Is Moving Within $635 and $544 Levels

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

BNB Price awaiting a breakout

BNBUSD Price Analysis: 26 April

If buyers can break above the $635 resistance level and hold onto the $544 support level, they might be able to take on the $674 and $686 resistance levels. If BNB goes below the crucial $544 barrier and $635 holds, it will test the previous lows of $592 and $428.

BNB/USD Market

Key levels:

Supply levels: $635, $674, $686

Demand levels: $544, $592, $428

BNBUSD Long-term Trend: Ranging

The daily chart of BNBUSD is on a ranging movement. The cryptocurrency’s price broke out of the range movement between $386 and $410 a few weeks ago. The $428 barrier, which had been a level of resistance, turned into a level of support as the bulls gained traction. The BNB market was dominated by buyers the previous two weeks, reaching a high price of $635. At the aforementioned level, bears were in opposition to bulls. Right now, there’s a strong desire to drive the price lower but buyers are opposing the bearish movement, it leads to restricted movement within $635 and $544 levels.

BNB (BNBUSD) Price Is Moving Within $635 and $544 Levels

According to Hull Suite forex signals, the price of the cryptocurrency is now erratic and slightly above the indication of cryptocurrency signals.  If buyers can break above the $635 resistance level and hold onto the $544 support level, they might be able to take on the $674 and $686 resistance levels. If BNB goes below the crucial $544 barrier and $635 holds, it will test the previous lows of $592 and $428.

BNBUSD medium-term Trend: Ranging

For the following four hours, the coin may continue to consolidate. No sooner had the BNB crossed $544 than a declining trend began. On March 15, this was observed not far from the resistance level of $674. In the end, prices were lowered. On March 15, when the $635 resistance level was tested, bear pressure increased and the price dropped to $493. The price is currently moving within the resistance level of $635 and the support level of $544.

BNB (BNBUSD) Price Is Moving Within $635 and $544 Levels

At the moment, BNB is trading around the Hull Suite indication. When the QQE MOD indication signal line dips below zero, it indicates a sell.

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News