BNB (BNBUSD) Price May Go Higher

Bulls are dominating BNB market

BNBUSD Price Analysis: 02 May

If buyers can hold onto the $586.2 support position and break above the $606.1 resistance position, they might be able to drive the price to test the $642.3 and $662.0 resistance circumstances.

Key levels:

Supply levels: $606.1, $642.3, $662.0

Demand levels: $586.2, $557.7, $537.6

BNBUSD Long-term Trend: Bullish

Every day, the BNBUSD map displays a bullish trend. The price of the cryptocurrency rose from $557.7 to $662.0 on December 9. The bears overcame some resistance as their strength increased and made their way into the forenamed hedge. The request is dominated by dealing, as seen by BNB’s rearmost increase above $586.2. It was suggested that the trend toward up casting was still running strong. As evidenced by the price’s most recent flip at $606.1, which is consistent with the adding pattern, buyers might not accept a lower offer.

The Hull Suite FX pointers indicate that the price of the BNBUSD is currently rising above the crypto currency indications. If buyers can hold onto the $586.2 support position and break above the $606.1 resistance position, they might be able to drive the price to test the $642.3 and $662.0 resistance circumstances. BNB should aim for the previous lows of $557.7 and $537.6 if it can break below the crucial $586.2 hedge.

BNBUSD medium-term Trend: Bullish

Over the next four hours, the coin’s positive effects can cause the price of BNBUSD to rise. The BNB tested at $557.9 and then started to increase. We found out on March 25 that $586.2 had been paid in total. The price flipped above the target position due to the bulls’ fury. The price might test $642.3 at this time.

The BNB trading is higher than the Hull Suite recommendation. Significant buying is indicated by a signal line above zero on the QQE MOD index.

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