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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-coin-bnb-price-levels-investors-should-watch/" data-wpel-link="internal">Binance Coin (BNB) Price Levels Investors Should Watch</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/mina-coin-neden-yukseliyor-cekimler-niye-durduruldu-mina-alinir-mi" data-wpel-link="internal">Altcoin</a> <strong><a href="https://en.coin-turk.com/binance-faces-liquidity-issues-depth-drops-from-100-btc-to-1-2-btc/" data-wpel-link="internal">Binance</a> Coin</strong> (<a href="https://en.coin-turk.com/regulatory-pressure-and-falling-value-concerns-about-binances-bnb/" data-wpel-link="internal">BNB</a>) has certain levels that investors need to watch. The BNB price seems to have entered a new uptrend with support from the $545 region. It is currently trading above $578, drawing investors’ attention. This level is significant, as Binance has just announced its 51st Launchpool project, Saga, today.</p> 
<h2 style="text-align: justify" id="pay-attention-to-the-formation-on-altcoin-binance-coin-bnb">Pay Attention to the Formation on Altcoin Binance Coin (BNB)</h2> 
<p style="text-align: justify">Recently, a notable formation has been observed on the 4-hour chart of the <strong>BNB</strong>/USD pair. A contracting triangle near the resistance level of approximately $585 could play a critical role in determining the price’s future movement. At this point, a solid move above the $590 level could increase BNB’s upward momentum and potentially start a rally towards the $620 resistance.</p> 
<p style="text-align: justify">However, this upward trend may not continue strongly without overcoming certain resistance levels. Therefore, the possibility of a short-term correction should not be overlooked if the $590 level is not breached.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-337294 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/binance-coin-turk-com-.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">Technical analysis indicates that altcoin BNB has gained upward momentum by surpassing specific resistance levels, such as $560 and $565. However, investors need to closely monitor price movements and firmly confirm the breach above the $590 resistance.</p> 
<h2 style="text-align: justify" id="if-a-new-downtrend-hits-altcoin-bnb-watch-these-levels">If a New Downtrend Hits Altcoin BNB, Watch These Levels!</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/how-to-buy-tron-coin/" data-wpel-link="internal">Altcoin</a></strong> BNB faces concerns of a potential new downturn as long as it fails to surpass the critical $590 resistance. Currently, the first support level in downward movements is around $555, close to the trend line.</p> 
<p style="text-align: justify">The next critical support point is observed around $545. However, the truly critical support level is at around $532. A break below this level could lead to a rapid decline towards the $500 support level. Moreover, for a larger drop, the $465 level emerges as a critical support point.</p> 
<h2 style="text-align: justify" id="potential-for-price-increase">Potential for Price Increase</h2> 
<p style="text-align: justify">Looking at technical indicators, the 4-hour MACD is gaining momentum in the bullish zone for the BNB/USD pair. Additionally, the 4-hour RSI (Relative Strength Index) is currently above the 50 level, which could indicate potential for further price increases.</p> 
<p style="text-align: justify">Even so, caution is still advised. For a strong uptrend to be confirmed, key resistance levels for Altcoin <strong>BNB</strong>, such as $585, $590, and $620, need to be breached. Otherwise, the continuation of current uncertainties and more price volatility is likely.</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-bnb-price-levels-investors-should-watch/" data-wpel-link="internal">Binance Coin (BNB) Price Levels Investors Should Watch</a></h5>

Binance Coin (BNB) Price Levels Investors Should Watch

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