BNB (BNBUSD) Price Struggling to Break Up $662.0 Level

Buyers’ momentum increases in BNB market

BNBUSD Price Analysis: 29 November

Buyers may be able to push the price to test the $688.3 and $725.7 resistance levels if they can hold onto the $642.3 support level and break above the $662.0 resistance level. It is expected that BNB will test the prior lows of $606.1 and $557.9586.5 if it can overcome the critical $642.3 level.

BNB/USD Market

Key levels:

Supply levels: $662.0, $688.3, $725.7

Demand levels: $642.3, $606.1, $586.5

BNBUSD Long-term Trend: Bullish

The BNBUSD daily chart is showing encouraging action. A few weeks ago, the cryptocurrency’s price dropped from $688.3 to $460.5. The $557.9 barrier, which provided some resistance, was breached by the bulls as their vigor increased. The market was dominated by purchasing when BNB rose to $586.5 the week before. There were indications of a positive reversal at the anticipated support level. In contrast to the rising trend, the price’s recent reversal around $557.9 suggests that purchasers would be open to a higher offer. Right now, the price is getting close to $642.3.

 

The price of the SPONGEUSDT is currently rising above the cryptocurrency signals, according to the Hull Suite FX indicators. Buyers may be able to push the price to test the $688.3 and $725.7 resistance levels if they can hold onto the $642.3 support level and break above the $662.0 resistance level. It is expected that BNB will test the prior lows of $606.1 and $557.9586.5 if it can overcome the critical $642.3 level.

BNBUSD medium-term Trend: Bullish

Because of the coin’s favorable effects, the price of BNBUSD might increase during the course of the following four hours. Following testing at $557.9, the BNB started to rise. This was communicated to us on November 14. A total of $606.1 was paid. Because of the bulls’ zeal, the price rose over the specified amount. Right present, the high price is $662.0.

 

The BNB trade is currently above the Hull Suite indication. When the signal line of the QQE MOD indicator is above zero, it indicates significant buying.

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