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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-finds-support-at-key-level/" data-wpel-link="internal">Binance Coin Finds Support at Key Level</a><br></p>
<p style="text-align: justify"><strong>BNB</strong> price recently corrected downward from the $585 resistance area. Along with similar trends in major cryptocurrencies like Ethereum and Bitcoin, we observed BNB trading below $580. However, this downward trend halted at a significant support level of $570.</p> 
<h2 style="text-align: justify" id="binance-coin-found-support-here">Binance Coin Found Support Here</h2> 
<p style="text-align: justify"><strong>BNB/USD</strong> pair’s hourly chart highlights a significant bullish trend line associated with this support level around $570. This suggests a potential increase if the price remains above this level. In the coming days, if the price holds above this support level, we might observe a renewed bullish trend.</p> 
<p style="text-align: justify">After a good increase, we saw BNB price struggling near the $585 resistance. However, failing to break this resistance led to a downward reaction below the $580 support. The <img loading="lazy" loading="lazy" decoding="async" class="wp-image-353328 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/BNBUSDT.png" alt="" width="1814" height="798"> price, which traded as low as $571, is currently consolidating its losses. However, maintaining the crucial $570 support suggests that the price might regain upward momentum in the near term.</p> 
<h2 style="text-align: justify" id="bnb-could-reach-600-level">BNB Could Reach $600 Level</h2> 
<p style="text-align: justify">Looking ahead, if the price rises above the current levels, the $582 resistance area should be closely monitored. A clear move above this level could push the price higher and even test the $588 resistance.</p> 
<p style="text-align: justify">If the price can break this resistance and close above the $588 level, it could gain larger upward momentum and start an upward trend towards the $600 resistance.</p> 
<h2 style="text-align: justify" id="watch-these-levels-for-binance-coin-in-a-downward-scenario">Watch These Levels for Binance Coin in a Downward Scenario!</h2> 
<p style="text-align: justify">However, in a potential downward scenario, a break below the $570 support level could bring more downside potential and direct the price towards the $565 support area. Therefore, in the near term, the trajectory of <strong><a href="https://en.coin-turk.com/bitcoin-price-trends-and-market-insights/" data-wpel-link="internal">Binance Coin</a></strong> price will depend on movements around the $570 support level and the $582 resistance level.</p> 
<p style="text-align: justify">If BNB fails to surpass the $582 resistance, the downward movement may continue. Currently, if the BNB/USD pair drops below the $572 level, the first support point is shown at $565. Then, the $562 level and a trend line near it are indicated as another support point.</p> 
<p style="text-align: justify">However, the critical support level is positioned around $550. If the price drops below this level, a decline towards the $532 support may begin. From this point, a larger decline towards the $525 level could occur.</p> 
<p style="text-align: justify">Looking at technical indicators, the hourly MACD is losing pace in the bearish zone for BNB/USD. Additionally, the hourly RSI (Relative Strength Index) is currently below the 50 level. These indicators suggest that the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> might gain downward momentum.</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-finds-support-at-key-level/" data-wpel-link="internal">Binance Coin Finds Support at Key Level</a></h5>

Binance Coin Finds Support at Key Level

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