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Buyers may dominate BNB market soon
BNBUSD Price Analysis: 09 February
The $356.1 and $381.5 resistance levels could be at risk if buyers holding the $320.3 support level break through the $335.1 resistance level. BNB will test the recent lows of $297.0 and $263.3 if it closes below the critical $320.3 barrier and $335.1 holds
BNB/USD Market
Key levels:
Supply levels: $335.1, $356.1, $381.5
Demand levels: $320.3, $297.0, $263.3
BNBUSD Long-term Trend: Bullish
There is an inclining trend visible on the daily BNBUSD chart. A few weeks ago, the price of the cryptocurrency fluctuated between $263.3 and $237.1. Three weeks they were passed during this range movement. As the bulls gathered momentum and won, the $263.3 level—which had previously been a level of resistance—turned into a level of support. Buyers for the preceding two weeks dominated the BNB market, and the $335.1 level was tested. Its price fluctuates between $335.1 and $320.3. It is currently pressing hard to break up $335.1 level.
At the moment, the price of the cryptocurrency is erratic and marginally above the best forex signals for Hull Suite indicator. The $356.1 and $381.5 resistance levels could be at risk if buyers holding the $320.3 support level break through the $335.1 resistance level. BNB will test the recent lows of $297.0 and $263.3 if it closes below the critical $320.3 barrier and $335.1 holds.
BNBUSD medium-term Trend: bullish
The coin is going northward for the next four hours. A bullish trend started when BNB reached the barrier level of $288.1. This was noticed on January 25th, not far from the $316.2 resistance level. Price increases were the ultimate result. On February 09, the $320.3 support level was examined. At the moment, the price is trying to break up the just-mentioned level.
BNB is trading above the Hull Suite signal at this moment. A buy is indicated when the QQE MOD indicator signal line moves above zero.
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