BNB (BNBUSD) Price Is Targeting $729.9

Bulls are intensify pressure to break up $685.6

BNBUSD Price Analysis: 23 May

Buyers may be able to drive the price to test the $729.9 and $756.0 resistance levels if they can hold onto the $662.0 support position and break above the $685.6 resistance position. If BNB can break below the critical $662.0 hedge, it should target the prior lows of $642,3 and $606,1.

 

Key levels:

Supply levels:, $685.6, $729.9, $756.0

Demand levels: $662.0, $642.3, $606.1

BNBUSD Long-term Trend: Bullish

The price of the cryptocurrency increased from $557.4 to $662.0 on December 9; the bulls broke through some resistance as their strength increased and entered the forenamed hedge; the price’s most recent flip at $606.1, which is consistent with the adding pattern, suggests that buyers might not accept a lower offer; and BNB’s most recent increase above $642.3 suggests that dealing dominates the request. The BNBUSD map shows a bullish trend each day.

The price of the BNBUSD is currently climbing above the signals of the cryptocurrency, according to the Hull Suite FX points. Buyers may be able to drive the price to test the $729.9 and $756.0 resistance levels if they can hold onto the $662.0 support position and break above the $685.6 resistance position. If BNB can break below the critical $662.0 hedge, it should target the prior lows of $642,3 and $606,1.

 

BNBUSD medium-term Trend: Bullish

The coin’s favorable impacts could result in an increase in the price of BNBUSD over the course of the next four hours. The BNB began to rise after testing at $557.4. On March 25, we learned that a total of $606.1 had been paid. The bulls’ rage caused the price to flip above the goal level. At the present, the price is aiming for $685.6 after breaking $662.0.

The Hull Suite advice is lower than the BNB trading. A signal line above zero on the QQE MOD index indicates significant purchasing.

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