Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-coin-initiates-a-new-uptrend/" data-wpel-link="internal">Binance Coin Initiates a New Uptrend</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-btc-cardano-ada-ve-binance-coin-bnb-fiyat-analizi-2" data-wpel-link="internal">Binance Coin</a></strong> (<a href="https://en.coin-turk.com/bnb-coin-shows-signs-of-recovery-after-testing-key-support-level/" data-wpel-link="internal">BNB</a>) is capturing market attention with a new upward wave starting from the $500 region. If it surpasses the $588 and $610 levels, an increase in upward momentum is anticipated. So, which levels should investors watch carefully?</p> 
<h2 style="text-align: justify" id="bnb-coin-starts-a-new-uptrend">BNB Coin Starts a New Uptrend</h2> 
<p style="text-align: justify">BNB price has initiated a new uptrend by breaking above the $520 and $540 levels. Currently trading around $575, BNB is above the 100 simple moving average. A significant uptrend line is providing support around $580 on the BNB/USD pair’s 4-hour chart.</p> 
<p style="text-align: justify">However, a new rally could be expected if the price surpasses the $610 resistance area. At the moment, the $588 level is emerging as a significant resistance. But, being prepared for a larger increase is crucial if the price breaks the $610 level. A clear close above the $610 region could further elevate the price and start a journey towards the $680 resistance.</p> 
<h2 style="text-align: justify" id="what-are-the-warning-signs-for-bnb-in-the-crypto-market">What Are the Warning Signs for BNB in the Crypto Market?</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/binance-and-zhao-respond-to-secs-attempt-to-use-doj-findings/" data-wpel-link="internal">Binance</a> Coin (<strong>BNB</strong>) has drawn all attention with its recent performance. However, current conditions and technical analyses contain serious warnings about the future.</p> 
<p style="text-align: justify">There’s a warning that a new downtrend could begin if BNB fails to break the $610 resistance. For now, the first support level downward is around $580, which is quite close to the trend line. However, the more critical points to watch are the support region down to $560 and, more importantly, the main support level at $540.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-333740 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/bnb-coin-turk-com-1-1.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">If the $540 support is breached, the price could fall towards a $500 support level. Further significant losses from this point could trigger a serious decline towards the $450 level.</p> 
<h2 style="text-align: justify" id="what-do-technical-indicators-say-about-binance-coin">What Do Technical Indicators Say About Binance Coin?</h2> 
<p style="text-align: justify">Examining technical indicators, the 4-hour MACD is gaining momentum in the bullish zone for BNB/USD. However, the Relative Strength Index (RSI) is currently above the 50 level. This can be considered a somewhat positive sign.</p> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/korkutan-teknik-ethereum-eth-yuzde-40-yakin-dususu-isaret-ediyor" data-wpel-link="internal">Altcoin</a></strong> BNB seems to be facing an uncertain period ahead. The main support levels are $580, $560, and $540. However, breaking these levels could lead to a serious drop towards a $500 support region. The resistance levels are set at $598, $610, and $640.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-coin-initiates-a-new-uptrend/" data-wpel-link="internal">Binance Coin Initiates a New Uptrend</a></h5>

Binance Coin Initiates a New Uptrend

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