BNB (BNBUSD) Price May Decrease Further

Bulls’ momentum may break down $642.3 point

BNBUSD Price Analysis: 06 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 fall 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: Bearish

The cryptocurrency’s price increased from $585.5 to $662.0 on December 9; 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 consistent 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 dominates the request. There is a bullish trend on the BNBUSD map every day.

The price of the BNBUSD is currently growing below the cryptocurrency’s indicators, according to the Hull Suite FX points. 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 fall below the critical $642.3 hedge, it should target the prior lows of $606.1 and $585.5.

BNBUSD medium-term Trend: Bearish

The coin’s benefits could lead to decrease in the price of BNBUSD over the next four hours. 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 goal level. The price is now trading at $685.6 after breaking $662.0.

The Hull Suite’s recommendations are higher than the BNB trading. A signal line below zero on the QQE MOD index indicates significant selling.

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