BNB (BNBUSD) Price May Break Above $662.0 Level

Bullish trend may continue after a pullback

BNBUSD Price Analysis: 16 May

If buyers can hold onto the $642.3 support position and break above the $662.0 resistance position, they might be able to push the price to test the $685.6 and $729.9 resistance conditions. BNB should aim for the previous lows of $606.1 and $557.4 if it can break below the crucial $642.3 hedge.

Key levels:

Supply levels: $662.0, $685.6, $729.9

Demand levels: $642.3, $606.1, $557.4

BNBUSD Long-term Trend: Bullish

On December 9, the price of the cryptocurrency rose from $557.4 to $662.0; the bulls broke through some resistance as their strength grew and entered the forenamed hedge; BNB’s most recent increase above $557.4 suggests that dealing dominates the request; it was suggested that the trend toward up casting was still going strong; and 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. Every day, the BNBUSD map displays a bullish trend.

The Hull Suite FX points indicate that the price of the BNBUSD is currently rising above the cryptocurrency’s signals. If buyers can hold onto the $642.3 support position and break above the $662.0 resistance position, they might be able to push the price to test the $685.6 and $729.9 resistance conditions. BNB should aim for the previous lows of $606.1 and $557.4 if it can break below the crucial $642.3 hedge.

BNBUSD medium-term Trend: Bullish

A rise in the price of BNBUSD during the next four hours might be the outcome of the coin’s positive effects. Following testing at $557.4, the BNB started to increase. We found out on March 25 that $606.1 had been paid in total. The price flipped above the target level due to the bulls’ fury. The price broke up $642.3 and targeting $662.0 at the moment.

The BNB trading is higher than the Hull Suite advice. On the QQE MOD index, a signal line above zero denotes substantial buying.