BNB (BNBUSD) Price May Break Above $692.4 Line

BNBUSD market obeying bulls’ command

BNBUSD Price Analysis: 11 July

If buyers can hold onto the $662.3 support position and break above the $692.4 resistance position, they might be able to push the price to test the $729.9 and $756.0 resistance levels. BNBUSD should aim for the previous lows of $640.5 and $606.8 if it can break below the crucial $662.3 hedge.

Key levels:

Supply levels: $692.4, $729.9, $756.0

Demand levels: $662.3, $640.5, $606.8

BNBUSD Long-term Trend: Bullish

BNB’s most recent rise above $662.3 indicates that dealing is in control, and the price’s most recent flip at $692.4, which is consistent with the adding trend, indicates that buyers might not accept a lesser offer. As their strength grew, bulls managed to break through some resistance and penetrate the forenamed hedge. The price of the cryptocurrency rose from $585.5 to $640.5 on May 27. The BNBUSD map shows a bullish trend each day.

The Hull Suite FX data indicates that the price of the BNBUSD is presently rising above the cryptocurrency’s indicators. If buyers can hold onto the $662.3 support position and break above the $692.4 resistance position, they might be able to push the price to test the $729.9 and $756.0 resistance levels. BNB should aim for the previous lows of $640.5 and $606.8 if it can break below the crucial $662.3 hedge.

BNBUSD medium-term Trend: Bullish

The currency’s advantages may cause the price of BNBUSD to rise over the next four hours. The BNB tested at $662.3 and then started to increase. We found out on June 25 that $606.8 had been paid in total. The price flipped above the target level due to the bulls’ fury. The price broke $640.5 and is presently heading toward $692.4.

The Hull Suite does not reflect the increasing BNB trade. On the QQE MOD index, a signal line above zero denotes substantial buying.

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