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BNB Price retest $635 resistance level
BNBUSD Price Analysis: 12 April
If buyers can break over the $635 resistance level while holding onto the $544 support level, they might be able to take on the $674 and $710 resistance levels. If BNB goes below the crucial $544 barrier and $635 holds, it will test the previous lows of $478 and $428.
BNB/USD Market
Key levels:
Supply levels: $635, $674, $710
Demand levels: $544, $478, $428
BNBUSD Long-term Trend: Bullish
BNBUSD daily chart is climbing. The cryptocurrency’s price broke out of the range movement between $386 and $410 a few weeks ago. The $428 barrier, which had been a level of resistance, turned into a level of support as the bulls gained traction. In the two weeks prior, buyers dominated the BNB market, reaching a top price of $635. At the moment, there is a strong desire to surpass the previously mentioned limit.
According to Hull Suite forex signals, the price of the cryptocurrency is now stable and marginally above the top indication of cryptocurrency signals. If buyers are able to break over the $635 resistance level while holding onto the $544 support level, they might be able to take on the $674 and $710 resistance levels. If BNB goes below the crucial $544 barrier and $635 holds, it will test the previous lows of $478 and $428.
BNBUSD medium-term Trend: bullish
For the following four hours, the coin will move north. As soon as the BNB crossed $428, a rising trend began. On January 25th, this was observed near the $480 resistance level. In the end, there were cost hikes. On March 8, once the $480 resistance level was broken, pressure increased to $635. The price is already getting close to the prior high of $635.
Right now, BNB is trading above the Hull Suite signal. When the QQE MOD indication signal line moves above zero, it indicates a buy.
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