COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Binance Coin (BNB) Price Levels Investors Should Watch
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Binance Coin (BNB) > Binance Coin (BNB) Price Levels Investors Should Watch
Binance Coin (BNB)

Binance Coin (BNB) Price Levels Investors Should Watch

In Brief

  • BNB price shows signs of a new uptrend, trading above $578.

  • A tight formation on BNB's chart could signal upcoming price movements.

  • Technical analysis suggests potential for further price increases.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Altcoin Binance Coin (BNB) 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.

Contents
Pay Attention to the Formation on Altcoin Binance Coin (BNB)If a New Downtrend Hits Altcoin BNB, Watch These Levels!Potential for Price Increase

Pay Attention to the Formation on Altcoin Binance Coin (BNB)

Recently, a notable formation has been observed on the 4-hour chart of the BNB/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.

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.

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.

If a New Downtrend Hits Altcoin BNB, Watch These Levels!

Altcoin 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.

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.

Potential for Price Increase

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.

Even so, caution is still advised. For a strong uptrend to be confirmed, key resistance levels for Altcoin BNB, such as $585, $590, and $620, need to be breached. Otherwise, the continuation of current uncertainties and more price volatility is likely.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

The Unstoppable Rise of BNB Coin: Market Movements and Technical Breakthroughs

Smaller Companies Shift Focus to Altcoin Investments

Binance Coin Faces New Challenges as Market Volatility Rises

BNB Reaches New Heights with Price Projections and Ecosystem Expansion

BNB Chain Dominates USDT Transfers with 12 Million Active Addresses

COINTURK NEWS 4 April, 2024 - 11:09 am 4 April, 2024 - 11:09 am
Share This Article
Facebook Twitter
Share
Previous Article Understanding the Current State of Cardano’s ADA: Key Indicators and Market Sentiment
Next Article Spot Bitcoin ETFs in the US Signal Positive Market Sentiment
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Visa Modernizes Operations with Stablecoin Regulations
Cryptocurrency Law
ProCap BTC Bu Büyük Bitcoin Hamlesiyle Dikkatleri Üzerine Çekiyor
Cryptocurrency News
Cardone Capital Adds Bitcoin to Real Estate Portfolio in Bold Strategic Move
Cryptocurrency News
Solana Futures Set New Records as Institutional Interest Surges
Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?