BNB (BNBUSD) Price Is Pulling Back Before Bullish Movement Continuation

Bulls are dominating BNB market

BNBUSD Price Analysis: 16 March

If buyers can break above the $635 resistance level while holding onto the $567 support level, they might pose a danger to the $674 and $710 resistance levels. If BNB falls below the crucial $567 barrier and $635 holds, it will test the previous lows of $480 and $424.

BNB/USD Market

Key levels:

Supply levels: $635, $674, $710

Demand levels: $567, $480, $428

BNBUSD Long-term Trend: Bullish

BNBUSD daily chart is trending upward. The cryptocurrency’s price broke out of the range between $386 and $410 a few weeks ago. The $428 barrier, a level of resistance, turned into a level of support as the bulls gained traction. For the previous two weeks, buyers dominated the BNB market, which reached a high of $635. There is currently a strong drive to shatter the just-mentioned level.

According to Hull Suite forex signals, the cryptocurrency price is now stable and slightly over the top cryptocurrency signals indication. If buyers can break above the $635 resistance level while holding onto the $567 support level, they might pose a danger to the $674 and $710 resistance levels. If BNB falls below the crucial $567 barrier and $635 holds, it will test the previous lows of $480 and $424.

BNBUSD medium-term Trend: bullish

For the following four hours, the coin will move north. The moment the BNB passed $428, a positive trend began. On January 25th, this was observed near the $480 resistance level. Price rises were ultimately the outcome. The $480 resistance level was broken on March 8 and the resistance level of $635 was tested. The price is currently retesting the $567 barrier level.