Binance Coin (BNBUSD) Price Forecast: April 28
Today, the BNBUSD pair sends a clear bullish signal that the bulls are still very strong. If the forces from buyers in the market should increase and sustain the coin prices above the $352.2 supply value, the buying pressure may likely plunge the price to the $400.0 supply level trend line.
Key Levels:
Resistance Levels: $350.0, $360.0, $370.0
Support Levels: $290.0, $280.0, $270.0
BNB (USD) Long-term Trend: Bullish (Daily Chart)
At the time of writing, BNBUSD is trading in an uptrend in its long-term perspective. The prices are above the moving average lines and have confirmed a bullish momentum breaking the previous high at $340.0 value.
The buy investors actually made a jump to the $ supply value above the two moving averages during yesterday’s session and sustained it; this really enabled traders to sustain the upward rally.
The momentum continues today as the bulls made a consistent move to a high at the $345.5 mark above the resistance trend lines as the daily chart opens today. This shows the high impact of the buy investors on the Binance Coin market; likewise, the downside risk remained uncertain.
Hence, fresh entries by the buy traders toward the higher side are likely as indicated by the momentum indicator pointing up, the bulls could therefore aim at the psychological level at the $400.0 value in the upper resistance area in the days ahead in its long-term perspective.
BNB (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interference of short-term traders in the price flow, the BNBUSD market in the medium-term time frame market shows a bullish race.
The coin price can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
Today, the bulls made an upward move to the $342.8 high value above the two EMAs as the 4-hourly chart opens. The cryptocurrency looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $352.2 supply trend line, the market participants may witness a new recovery rally and this may reach a high at the $400.0 mark soon in its medium-term outlook. This signals a BUY trade again in its medium-term time frame.
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