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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-gain-momentum-as-bnb-coin-surges/" data-wpel-link="internal">Bitcoin and Altcoins Gain Momentum as BNB Coin Surges</a> 
At the time of writing, the <a href="https://coin-turk.com/analist-fed-faiz-kararina-saatler-kala-bitcoin-adina-kritik-seviyelere-isaret-etti" data-wpel-link="internal">Bitcoin</a> price stands at $68,720, and altcoins continue the day with gains. Some are positively diverging. Altcoins like <a href="https://en.coin-turk.com/decoding-the-latest-market-trends-key-insights-into-xrp-luna-chiliz-and-ceek/" data-wpel-link="internal">CHZ</a> are achieving double-digit gains, while <a href="https://en.coin-turk.com/kripto-para-bnb-challenges-and-uncertainties-ahead/" data-wpel-link="internal">BNB</a> Coin’s price is notably rising among the largest altcoins. So, what are the predictions for <a href="https://coin-turk.com/altcoin-fiyatlarindaki-hareketlilik-suruyor-eth-ve-bnbye-xrp-ve-bch-de-katildi" data-wpel-link="internal">Binance Coin</a> (BNB)? 
<h2 style="text-align: justify" id="bnb-coin-commentary">BNB Coin Commentary</h2> 
After pausing its upward movement due to the recent BTC price correction, BNB Coin has now returned to the $600 threshold with its daily gain nearing 7%. The optimism of Fed members regarding interest rate cuts and the latest positive entries through ETF channels are fueling this sentiment. The macro data coming in isn’t bad either. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-337585 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/BNB-sharpe-ratio.webp" alt="" width="1482" height="775"> 
Recovering from the $550 support zone, the BNB Coin price has surpassed its target of $581 and is now approaching the $600 mark. The Sharpe Ratio, a measure of return volatility, has recently climbed to 4.0 for BNB, creating an attractive environment for new investors to move into BNB. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-337584 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bnb-rsi.webp" alt="" width="1536" height="656"> 
Another indicator pointing to a rise for BNB Coin is the RSI. Investor demand has returned to levels reflecting a resurgence in bullish sentiment. This suggests that the upward momentum is reviving and the price increase could accelerate. 
<h2 style="text-align: justify" id="bnb-coin-price-prediction">BNB Coin Price Prediction</h2> 
The main determining factor here will be <a href="https://en.coin-turk.com/bitcoin-block-reward-halving-expected-to-impact-microstrategy-shares-significantly/" data-wpel-link="internal">Bitcoin</a>‘s price closing above $69,000. If we see strong net inflows in the ETF channel and high-level closings in BTC before the upcoming US data, BNB Coin bulls may seize the opportunity to drive the price higher. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-337586 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/BNB-Coin-4-nisan-yorum.png" alt="" width="1917" height="780"> 
BNB is just above the $593 resistance area. The current trend is upward, and if the $594 price level is maintained, the $600 resistance could also be breached. In this case, the price is expected to test the $632-$635 region. Closures above this level will target the $645 and $700 thresholds. 
However, $593 is an important resistance point on the 4-hour chart, and if the current gains cannot be sustained, we might see the price fall back to $549. Moreover, a pullback to the support level would shelve the bullish scenario. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-gain-momentum-as-bnb-coin-surges/" data-wpel-link="internal">Bitcoin and Altcoins Gain Momentum as BNB Coin Surges</a></h5>

Bitcoin and Altcoins Gain Momentum as BNB Coin Surges

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