BNB (BNBUSD) Price: Sellers’ Momentum Is Becoming Weak

Bulls are gathering momentum in BNBUSD market

BNBUSD Price Analysis: 28 November

If buyers can maintain the $875.3 support position and break above the $899.4 resistance position, they might be able to drive the price to test the resistance levels of $962.9 and $960.7. BNB should aim for the previous lows of $833.5 and $736.4 if it can break below the crucial $875.3 hedge.

                                                                Key levels:

Supply levels: $899.4, $962.9, $960.7

Demand levels: $875.3, $833.5, $736.4

BNBUSD Long-term Trend: Bearish

The price of the cryptocurrency peaked at $1317.5 in the last three weeks; testing the aforementioned level twice produced the “double top” chart pattern; the BNBUSD map displays a bearish trend every day; consumers were unwilling to spend more, as shown by the pricing’s most recent flip at $1317.0, which is consistent with the adding pattern; as their power decreased, Bears protected the tree hedge, endured significant resistance, and BNB simply fell below $962.9 after being challenged, suggesting that sellers who opposed the bulls’ advance were successful in bringing the price closer to $875.3.

The Hull Suite FX analytics show that the price of BNBUSD is presently falling below the cryptocurrency’s signals. If buyers can maintain the $875.3 support position and break above the $899.4 resistance position, they might be able to drive the price to test the resistance levels of $962.9 and $960.7. BNB should aim for the previous lows of $833.5 and $736.4 if it can break below the crucial $875.3 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 previous low of $875.3 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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