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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.
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 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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