BNB (BNBUSD) Price May Retest $899.4 Level

Sellers’ momentum increase in BNBUSD market

BNBUSD Price Analysis: 14 November

If buyers can hold onto the $899.4 support position and break above the $962.9 resistance position, they might be able to drive the price to test the resistance levels of $960.7 and $987.0. BNB should aim for the previous lows of $875.3 and $833.5 if it can break below the crucial $899.4 hedge.

                                                              Key levels:

Supply levels: $962.9, $960.7, $987.0

Demand levels: $899.4, $875.3, $833.5

BNBUSD Long-term Trend: Bearish

Last two weeks, the price of the cryptocurrency reached a top of $1317.5. Testing the previously mentioned level twice produced the “double top” chart pattern. Every day, the BNBUSD map displays a bearish trend. Customers were unwilling to spend more, as seen by the pricing’s most recent flip at $1317.0, which is consistent with the adding pattern. As their power declined, Bears protected the tree hedge, endured considerable opposition, and did not endanger $987.0. BNB simply dropped below $962.9 after being challenged, suggesting that sellers who fought the bulls’ advance were successful in bringing the price down to the intended objective. Right now, the price is getting closer to $899.4.

 

The Hull Suite FX analytics show that the price of BNBUSD is currently falling below the cryptocurrency’s signals. If buyers can hold onto the $899.4 support position and break above the $962.9 resistance position, they might be able to drive the price to test the resistance levels of $960.7 and $987.0. BNB should aim for the previous lows of $875.3 and $833.5 if it can break below the crucial $899.4 hedge.

BNBUSD medium-term Trend: Bearish

The advantages of the cryptocurrency could cause the price of BNBUSD to fall by four hours. After testing at $1317.0, the BNB started to fall. We found out on October 4 that the total sum paid was more than what had been disclosed. The price fell below the goal level as a result of the bears’ fury. $962.9 was the price that was tested. The price is quickly dropping to its prior low of $899.4 due to consumer demand.

The Hull Suite reflects the declining BNB trade. On the QQE MOD index, a signal line below zero denotes substantial selling.

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