BNB (BNBUSD) Price Is Targeting Low at $899.4

BNBUSD market control by sellers

BNBUSD Price Analysis: 07 November

Buyers may be able to push the price to test the resistance levels of $987.0 and $1029.7 if they can hold onto the $962.9 support position and break above the $960.7 resistance position. If BNB can break below the critical $962.9 hedge, it should target the prior lows of $899.4 and $875.3.

                                                                Key levels:

Supply levels: $960.7, $987.0, $1029.7

Demand levels: $962.9, $899.4, $875.3

BNBUSD Long-term Trend: Bearish

The cryptocurrency’s price peaked at $1317.5 last week. The “double top” chart pattern was created as a result of testing the previously described level twice. The BNBUSD map shows a bearish trend every day. The pricing’s most recent flip at $1317.0, which is consistent with the adding pattern, shows that customers were unwilling to spend more. Bears defended the tree hedge, withstood some resistance, and did not jeopardize $987.0 as their power decreased. After being challenged at $ 960.7, BNB just fell below that level, indicating that sellers who opposed the bulls’ advance were successful in lowering the price to the desired target. The price is currently falling towards $962.9.

The price of BNBUSD is currently declining below the cryptocurrency’s signals, according to the Hull Suite FX statistics. Buyers may be able to push the price to test the resistance levels of $987.0 and $1029.7 if they can hold onto the $962.9 support position and break above the $960.7 resistance position. If BNB can break below the critical $962.9 hedge, it should target the prior lows of $899.4 and $875.3.

BNBUSD medium-term Trend: Bearish

The price of BNBUSD could increase by four hours due to the benefits of the cryptocurrency. The BNB began to decline after testing at $1317.0. On October 4, we discovered that the total amount paid exceeded the declared amount. The bears’ rage caused the price to flip below the target level. The price that was tested was $962.9. Due to consumer demand, the price is rapidly declining to its previous low of $899.4.

The diminishing BNB trade is reflected in the Hull Suite. A signal line below zero on the QQE MOD index indicates significant selling.

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