Momentum

Gains

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-coin-gains-momentum-in-the-crypto-market/" data-wpel-link="internal">Binance Coin Gains Momentum in the Crypto Market</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/paxos-acikladi-bnb-yonunu-asagi-cevirdi-binance-coinde-son-durum" data-wpel-link="internal">Binance Coin</a></strong> (<a href="https://en.coin-turk.com/rapid-increase-in-open-interest-for-binances-bnb-amid-price-drop-crypto-analyst-warns-of-chain-liquidation-risk/" data-wpel-link="internal">BNB</a>), with its strong recent performance, is drawing attention in the cryptocurrency world. After starting from the $550 region, BNB price has initiated a new rise, surpassing the $600 resistance and showing potential to exceed $630. This situation signifies a strong comeback to the levels BNB had previously fallen from.</p> 
<h2 style="text-align: justify" id="bnb-price-gains-momentum">BNB Price Gains Momentum</h2> 
<p style="text-align: justify"><a href="https://coin-turk.com/kevin-oleary-kripto-paralarin-gelecegi-adina-bu-tarihi-isaret-etti" data-wpel-link="internal">Cryptocurrency</a> BNB has shown a momentum-filled rising trend after leaving the $550 resistance zone behind. It is currently trading above $600. It appears to have built a strong foundation with the significant rising trend line at the $592 support level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343454 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bnb-coin-turk-com-.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">The bulls, after pushing the price above the $580 level, continue to gain strength. The immediate resistance level for BNB coin is stated as $608, while the next resistance point is around $630. If the price can surpass these levels, $650 could be tested and even a close above this resistance level could pave the way for a rise towards the $680 resistance.</p> 
<h2 style="text-align: justify" id="what-happens-if-binance-coin-bnb-price-faces-rejection">What Happens if Binance Coin (BNB) Price Faces Rejection?</h2> 
<p style="text-align: justify">If the cryptocurrency BNB fails to surpass the $608 resistance level, the possibility of initiating a downward correction should not be overlooked. Currently, the first downward support is close to the $592 level and the trend line. The following critical support level is around $585.</p> 
<p style="text-align: justify">Below this level, the main support waits at $570. However, if a break below the $570 support occurs, the price could potentially fall towards $550. In case of further losses, a larger decline to $532 could begin.</p> 
<h2 style="text-align: justify" id="what-do-technical-indicators-say">What Do Technical Indicators Say?</h2> 
<p style="text-align: justify">Upon examining technical indicators, the 4-hour MACD is gaining momentum in the bullish zone for BNB/USD. Similarly, the 4-hour RSI (Relative Strength Index) for the BNB/USD pair is currently above the 50 level. This situation indicates that the bullish movement might continue.</p> 
<p style="text-align: justify">In the cryptocurrency world, the main support levels for <a href="https://en.coin-turk.com/nobody-expected-this-the-expected-signal-for-bitcoin-and-altcoins-came-from-binance-ceo-cz/" data-wpel-link="internal">Binance</a> coin (BNB) are identified as $592, $585, and $570, while the resistance levels are observed as $608, $630, and $650, respectively.</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-gains-momentum-in-the-crypto-market/" data-wpel-link="internal">Binance Coin Gains Momentum in the Crypto Market</a></h5>

Binance Coin Gains Momentum in the Crypto Market

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