BNB (BNBUSD) Price May Break Up Previous High

BNBUSD is soaring higher

BNBUSD Price Analysis: 12 September

If buyers can hold onto the $840.0 support position and break above the $866.0 resistance position, they might be able to drive the price to test the resistance levels of $878.0 and $882.2. BNB should aim for the previous lows of $792.6 and $756.0 if it can break below the crucial $840.0 hedge.

                                                              Key Levels:

Supply levels: $900.7, $920.8, $940.0

Demand levels: $876.0, $835.2, $811.0

BNBUSD Long-term Trend: Bullish

The price of the cryptocurrency rose from $662.0 to $835.2 on July 10. The BNBUSD map shows a bullish trend each day. The pricing’s most recent flip at $811.0, which is consistent with the adding pattern, shows that customers might not accept a lower price. As their power increased, bulls were able to penetrate the forenamed hedge, get past some resistance, and challenge $876.0. It appears that sellers who resisted the bulls’ advance were unable to reach the expected target, as evidenced by the fact that BNB just dropped below $900.7 after being challenged at $875.0. At the moment, bulls are getting stronger and the price is rising.

The BNBUSD price is presently surging above the cryptocurrency’s indications, according to the Hull Suite FX analytics. Buyers may be able to push the price to test the resistance levels of $878.0 and $882.2 if they can hold onto the $840.0 support position and break above the $866.0 resistance position. If BNB can break below the critical $840.0 hedge, it should target the prior lows of $792.6 and $756.0.

 

BNBUSD medium-term Trend: Bullish

Over the following four hours, the benefits of the currency can lead to a decline in the price of BNBUSD. After testing at $662.0, the BNB began to rise. On July 14, we discovered that the total amount paid was $792.6. The bears’ rage caused the price to flip below the target level. The tested price was $756.0. Because of buyer resistance, the price is currently rising back to its peak of $866.0.

The growing BNB trade is reflected in the Hull Suite. A signal line above zero on the QQE MOD index indicates significant purchasing.

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