Ethereum

Ascend

Resistance

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-coin-price-attempts-to-break-resistance-levels/" data-wpel-link="internal">Binance Coin Price Attempts to Break Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/binance-coin-bnb-500-dolar-barajini-asti-iste-siradaki-seviyeler" data-wpel-link="internal">Binance Coin</a></strong> (<a href="https://en.coin-turk.com/a-closer-look-at-binance-coin-bnb-what-to-expect-amidst-bitcoins-influence/" data-wpel-link="internal">BNB</a>) is attempting a new rise from the $515 region. However, it appears that it needs to overcome the $572 resistance area to gain momentum. BNB price has initiated a new upward movement after finding solid support near the $515 region, but it is currently trading just below $555. What levels should be watched for BNB?</p> 
<h2 style="text-align: justify" id="key-levels-to-watch-for-bnb">Key Levels to Watch for BNB</h2> 
<p style="text-align: justify"><strong>BNB</strong>/USD pair has broken above a significant downtrend line at the $540 resistance level on the 4-hour chart. After a correction below $550, BNB price found support near the $515 region. The lowest level was around $513.6. Subsequently, a recovery wave began along with other cryptocurrencies like <a href="https://coin-turk.com/ethereum-ripple-ve-dogecoin-yukseliste-altcoinler-kayiplari-telafi-ediyor" data-wpel-link="internal">Ethereum</a> and <a href="https://coin-turk.com/hong-kong-spot-bitcoin-etf-onayi-icin-gelecek-hafta-adim-atabilir" data-wpel-link="internal">Bitcoin</a>.</p> 
<p style="text-align: justify">The price has risen above the $525 and $530 resistance levels. Bulls have pushed the price above the $540 level. On the 4-hour chart of BNB/USD, a breakout has occurred above the significant downtrend line at the $540 resistance. The price is trading at $554. The immediate resistance level is around $560, with the next at $572.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-342087 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bnb-usd-coin-turk-com-.png" alt="" width="1839" height="813"></p> 
<p style="text-align: justify">A clear move above the $572 region could push the price higher. In this case, BNB price could test $600. A close above the $600 resistance could pave the way for a larger rise towards $630. For further gains, testing the $650 level in the coming days might be necessary.</p> 
<h2 style="text-align: justify" id="if-bnb-price-fails-to-ascend">If BNB Price Fails to Ascend</h2> 
<p style="text-align: justify">If <a href="https://en.coin-turk.com/breaking-news-binance-gave-bad-news-a-step-back-from-the-crypto-giant/" data-wpel-link="internal">Binance</a> Coin (<strong>BNB</strong>) fails to surpass the $572 resistance level, a new decline could begin. Currently, BNB’s first downward support level is around $532. Below this level, the next main support is expected near $520.</p> 
<p style="text-align: justify">However, the critical support level is at $515. If the price falls below this level, a drop towards the $500 support could be inevitable. Moreover, a move towards the $465 level could be observed for a larger downtrend.</p> 
<h2 style="text-align: justify" id="technical-indicators-suggest-a-bullish-outlook">Technical Indicators Suggest a Bullish Outlook</h2> 
<p style="text-align: justify">According to technical indicators, the 4-hour MACD for BNB/USD is losing momentum in the bullish zone. Similarly, the 4-hour RSI (Relative Strength Index) is trending below the 50 level, which could indicate continued selling pressure.</p> 
<p style="text-align: justify">Key support levels for BNB are set at $532, $520, and $515 respectively. Resistance levels are being monitored at $560, $572, and $600.</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-price-attempts-to-break-resistance-levels/" data-wpel-link="internal">Binance Coin Price Attempts to Break Resistance Levels</a></h5>

Binance Coin Price Attempts to Break Resistance Levels

Table of Contents

COINTURK NEWS

Other articles published on Apr 19, 2024

Bitcoin’s Price: What to Expect Post-Halving Event

Bitcoin Halving in 1 Day! | BlackRock ETF Will Flip Grayscale

Diving into Whale Investments: Ethereum (ETH), Ripple (XRP), and Furrever Token (FURR) Insights

Solana’s 23% Drop Redirects Investor Focus to Raffle Coin Offering SUSHI & Theta Network Potentia...

TON Network Hits Over $140M TVL Milestone Amid Surging Toncoin Price

Tron's Justin Sun Unveils Ultimate Recipe for Crypto Market Explosion

Join our free newsletter for daily crypto updates!