BNB (BNBUSD) Price: Sellers Are Defending $635 Resistance Level

BNB Price may fall

BNBUSD Price Analysis: 19 April

Buyers may be able to take on the $635 and $674 resistance levels if they can break over the $544 resistance level while holding onto the $493 support level. BNB will test the prior lows of $428 and $410 if it breaks below the critical $493 barrier and $544 holds.

BNB/USD Market

Key levels:

Supply levels: $544, $635, $674

Demand levels: $493, $428, $410

BNBUSD Long-term Trend: Bearish

The daily chart of BNBUSD is falling. 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. Buyers controlled the BNB market the previous two weeks, with a peak price of $635. The bears opposed the Bulls at the just-mentioned level. There is currently a great desire to push the price towards the south.

The price of the cryptocurrency is currently unsteady and just below the indication of cryptocurrency signals, according to Hull Suite forex signals.  Buyers may be able to take on the $635 and $674 resistance levels if they can break over the $544 resistance level while holding onto the $493 support level. BNB will test the prior lows of $428 and $410 if it breaks below the critical $493 barrier and $544 holds.

BNBUSD medium-term Trend: bearish

The coin will move south for the next four hours. A falling trend started as soon as the BNB crossed $544. This was noted on March 15, not far from the $674 resistance level. Ultimately, there were price decreases. After the $635 resistance level was tested on March 15, bears’ pressure rose, price fell to $493. The current price is approaching the previous low.

BNB is currently trading below the Hull Suite signal. A sell is indicated when the QQE MOD indicator signal line moves below zero.

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