BNB (BNBUSD) Price May Commence a Bearish Trend

Sellers’ momentum is triggering

BNBUSD Price Analysis: 20 June

Buyers may be able to drive the price to test the $685.6 and $729.9 resistance levels if they can hold onto the $642.3 support position and break above the $662.0 resistance position. If BNB can go below the critical $642.3 hedge, it should target the prior lows of $606.1 and $585.5.

Key levels:

Supply levels: $662.0, $685.6, $729.9

Demand levels: $642.3, $606.1, $585.5

BNBUSD Long-term Trend: Bullish

On December 9, the cryptocurrency’s price increased from $585.5 to $662.0; bulls broke through some resistance and entered the forenamed hedge as their strength increased; the price’s most recent flip at $606.1, which is in line with the adding pattern, suggests that buyers might not accept a lower offer; and BNB’s most recent increase above $642.3 suggests that dealing is in control. Every day, the BNBUSD map displays a bullish trend.

The price of the BNBUSD is currently climbing above the cryptocurrency’s indicators, according to the Hull Suite FX data. Buyers may be able to drive the price to test the $685.6 and $729.9 resistance levels if they can hold onto the $642.3 support position and break above the $662.0 resistance position. If BNB can go below the critical $642.3 hedge, it should target the prior lows of $606.1 and $585.5.

 

BNBUSD medium-term Trend: Bearish

Over the following four hours, the benefits of the currency can lead to a decline in the price of BNBUSD. The BNB began to fall after testing at $557.4. On March 25, we learned that a total of $606.1 had been paid. The bears’ rage caused the price to flip below the target level. The price is now trading at $685.6 after breaking $662.0.

The BNB trading is less than what the Hull Suite suggests. A signal line below zero on the QQE MOD index indicates significant selling.

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