BNB (BNBUSD) Price Tests $1317.5 and Pull Back

Bears may defend $1317.5 level

BNBUSD Price Analysis: 10 October

Buyers may be able to push the price to test the resistance levels of $1380.4 and $1400.0 if they can hold onto the $1223.1 support position and break above the $1317.5 resistance position. If BNB can break below the critical $1223.1 hedge, it should target the prior lows of $1168.2 and $1115.8.

                                                              Key levels:

Supply levels: $1317.5, $1380.4, $1400.0

Demand levels: $1223.1, $1168.2, $1115.8

BNBUSD Long-term Trend: Bullish

The cryptocurrency’s price rose from $662.0 to the $1168.2 barrier level on September 21. The BNBUSD map shows a bullish trend each day. The pricing’s most recent flip at $1223.1, which is consistent with the adding pattern, suggests that customers might not be prepared to spend more. As their vigor waned, bears managed to hold off some resistance, defend the wooded hedge, and decline to threaten $1168.2. It appears that buyers who resisted the bears’ advance were successful in reaching the expected goal because BNB recently rose above $1223.1 after being challenged at that level. The price is now at $1317.5 as it is rising and bulls are getting stronger.

The price of BNBUSD is presently growing above the cryptocurrency’s indicators, according to the Hull Suite FX statistics. Buyers may be able to push the price to test the resistance levels of $1380.4 and $1400.0 if they can hold onto the $1223.1 support position and break above the $1317.5 resistance position. If BNB can break below the critical $1223.1 hedge, it should target the prior lows of $1168.2 and $1115.8.

 

BNBUSD medium-term Trend: Bullish

The benefits of the currency can result in a four-hour increase in the price of BNBUSD. After testing at $1115.8, the BNB began to rise. On September 21, we learned that the total amount paid exceeded mentioned level. The bulls’ rage caused the price to flip above the goal level. The price that was tested was $1168.2. Due to buyer demand, the price is rapidly increasing to reach its previous high of $1317.5.

The inclining BNB trade is reflected in the Hull Suite. A signal line above zero on the QQE MOD index indicates significant purchasing.

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