BNB (BNBUSD) Price May Retest Previous High at $635 Level
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BNB (BNBUSD) Price May Retest Previous High at $635 Level

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Azeez Mustapha

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Bulls momentum is increasing in BNB market

BNBUSD Price Analysis: 22 March

Buyers may be a threat to the $674 and $710 resistance levels if they can break above the $635 resistance level while clinging to the $567 support level. BNB will test the prior lows of $480 and $424 if it breaks below the critical $567 barrier and $635 holds.

BNB/USD Market

Key levels:

Supply levels: $635, $674, $710

Demand levels: $567, $480, $428

BNBUSD Long-term Trend: Bullish

The daily chart of BNBUSD is rising. A few weeks ago, the price of the cryptocurrency burst out of the range movement between $386 and $410. As the bulls gathered momentum, the $428 barrier—which had previously been a level of resistance—became a level of support. The BNB market, which peaked at $635, was controlled by buyers over the preceding two weeks. There is presently a great desire to break through the previously mentioned level.

BNB (BNBUSD) Price May Retest Previous High at $635 Level

The price of the cryptocurrency is currently steady and somewhat above the top indication of cryptocurrency signals, according to Hull Suite forex signals.  Buyers may be a threat to the $674 and $710 resistance levels if they can break above the $635 resistance level while clinging to the $567 support level. BNB will test the prior lows of $480 and $424 if it breaks below the critical $567 barrier and $635 holds.

BNBUSD medium-term Trend: bullish

The coin will move north for the next four hours. A rising trend started when the BNB crossed $428. This was noted on January 25th, not far from the $480 resistance level. The result was price increases. On March 8, the resistance level of $480 was breached, and the $635 level was put to the test. Right now, the price is facing the previous high at $635 barrier level.

BNB (BNBUSD) Price May Retest Previous High at $635 Level

BNB is currently trading over the Hull Suite signal. A buy is indicated when the QQE MOD indicator signal line moves above zero.

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