BNB (BNBUSD) Price May Be Pushed to $729.9 Zone

The price is approaching $686.3 level

BNBUSD Price Analysis: 21 February

Buyers may be able to push the price to test the $729.9 and $756.0 resistance levels if they can hold onto the $662.9 support level and break above the $686.3 resistance level. BNB should go for the prior lows of $643.4 and $606.7 if it can overcome the critical $662.9 barrier.

Key levels:

Supply levels: $686.3, $729.9, $756.0

Demand levels: $662.9, $643.4, $606.7

BNBUSD Long-term Trend: Bullish

The daily BNBUSD chart is improving. On December 4, the cryptocurrency’s price started to decline, falling from $756.0 to $516.4. The $606.7 level provided some resistance, but the bears gained strength and broke below it. The market was dominated by buying after BNB surged above $643.4 the week before. There were indications of a favorable reversal at the anticipated resistance level. In contrast to the decreasing trend, the price’s recent turnaround at $606.7 suggests that purchasers might take a higher offer. After retesting its previous low of $516.4, the price increased once more. The price right now is $686.3.

The price of the BNBUSD is presently dipping below the crypto currency indications, according to the Hull Suite FX indicators. Buyers may be able to push the price to test the $729.9 and $756.0 resistance levels if they can hold onto the $662.9 support level and break above the $686.3 resistance level. BNB should go for the prior lows of $643.4 and $606.7 if it can overcome the critical $662.9 barrier.

BNBUSD medium-term Trend: Bullish

The coin’s favorable effects may cause the price of BNBUSD to rise throughout the course of the following four hours. After testing at $516.4, the BNB began to increase. On December 4, we discovered that a total of $662.0 had been paid. The price surged over the target level due to the bulls’ fervor. Yesterday, the lowest price was $662.9. Today, the price is approaching $686.3.

The Hull Suite indication is above the BNB trade. When the signal line of the QQE MOD indicator is above zero, it indicates significant buying.

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