BNB (BNBUSD) Price: Significant Selling Is Envisaged

Sellers’ pressure may increase

BNBUSD Price Analysis: 13 June

If buyers can hold onto the $642.3 support position and break above the $662.0 resistance position, they might be able to push the price to test the $685.6 and $729.9 resistance levels. BNB should aim for the previous lows of $606.1 and $585.5 if it can drop below the crucial $642.3 hedge.

Key levels:

Supply levels: $662.0, $685.6, $729.9

Demand levels: $642.3, $606.1, $585.5

BNBUSD Long-term Trend: Bullish

The price of the cryptocurrency rose from $585.5 to $662.0 on December 9; bulls entered the forenamed hedge as their strength increased, breaking through some resistance; the price’s most recent flip at $606.1, which is consistent with the adding pattern, indicates that buyers might not accept a lower offer; and BNB’s most recent increase above $642.3 indicates that dealing prevails. The BNBUSD map shows a bullish trend every day.

The Hull Suite FX figures show that the price of the BNBUSD is now rising below the cryptocurrency’s indicators. If buyers can hold onto the $642.3 support position and break above the $662.0 resistance position, they might be able to push the price to test the $685.6 and $729.9 resistance levels. BNB should aim for the previous lows of $606.1 and $585.5 if it can drop below the crucial $642.3 hedge.

BNBUSD medium-term Trend: Bearish

The advantages of the currency may cause the price of BNBUSD to drop during the course of the next four hours. After testing at $557.4, the BNB started to decline. We found out on March 25 that $606.1 had been paid in total. The price flipped below the target level as a result of the bears’ fury. The price broke $662.0 and is currently trading at $685.6.

The BNB trading is lower than the Hull Suite’s recommendations. Significant selling is indicated by a signal line on the QQE MOD index that is below zero.

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