BNTUSD Traders Are Still Confined; Breakout Is Close By
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BNTUSD Analysis: Traders Are Still Confined Above the $0.41400 Key Level
BNTUSD Traders Are Still Confined Above $0.41400, the Key Level of the Crypto Market. There Has Been Less Activity Playing Out in the Bntusd Market. This Has Therefore Resulted in Traders Being Confined to Consolidation for a Long Time. A Lot Has Been Going On Lately Between the Buy and Sell Traders of the Bntusd Market. However, None of These Prospects Has Given Any Indication of a Clear Direction. All We Have Been Seeing Is the Price Accumulating Forward.
BNTUSD Price Levels
Resistance Levels: $2.56300, $1.52600
Support Levels: $1.198000, $0.414000
The Sellers Who Had Earlier Appeared to Be Dominating Are Now Silent Also. They Have Been Causing a Plunge Right From the Significant Zone of $2.56300. The Bearish Trend Paused at the $1.198000 Key Zone Because the Support Level Was Proven to Be Strong. The BNTUSD Market Reacted to This Key Zone for a Long Time Before Finally Rinsing Down With Strong Momentum. The Bollinger
Band Indicator at This Point Was Sharp to Expand Its Weight Following Its Squeeze on the Daily Chart.
The Market Level Decreased as the Sellers Dominated the Price Moment. However, They Soon Ran Out of Strength When They Arrived at the $0.41400 Key Zone. At That Point, We Began to See Both Prospects as Lacking Overall Strength. Both Traders Are Still Confined Above This Level, and Every Attempt Made by Each Prospect Looks Futile. The Bollinger Band Indicator Is Still Showing Signs of Hope as We Anticipate a Potential Breakout in the BNTUSD Price.
Market Expectation
The Buyers and Sellers Are Still Playing Hide and Seek Above the $0.414000 Key Zone. No Solid Breakout Is Yet Confirmed as the Squeeze Is Still Ongoing on the 4HR Chart. A Sudden Price Release Could Send the BNTUSD Below or Above $0.414000.
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