Rise and Fall Possibilities in Binance Coin Price

Binance Coin (BNB), which has attracted attention with its rise starting from the $500 range recently, may increase its upward momentum if it breaks through important resistance levels. The price rise expected to rise above the 588 and 610 dollar resistance levels can be an indicator of further price increases. BNB prices are currently around $575 and are trading above the 100 simple moving average. There is an upward trend line that supports around $580. BNB’s Rise Potential If BNB breaks the $610 resistance, a new rally may begin and the price may rise to $680. However, this rise may not occur unless the current $588 resistance level is broken. Possible Drawbacks According to Technical Indicators According to technical analysis, if BNB cannot break the $610 resistance, a new downward trend may begin. $580 is shown as the first support level, while $560 and $540 support levels are also important. […]

Rise and Fall Possibilities in Binance Coin Price

Binance Coin (BNB), which has attracted attention with its rise starting from the $500 range recently, may increase its upward momentum if it breaks through important resistance levels. The price rise expected to rise above the 588 and 610 dollar resistance levels can be an indicator of further price increases. BNB prices are currently around $575 and are trading above the 100 simple moving average. There is an upward trend line that supports around $580.

BNB’s Rise Potential

If BNB breaks the $610 resistance, a new rally may begin and the price may rise to $680. However, this rise may not occur unless the current $588 resistance level is broken.

Possible Drawbacks According to Technical Indicators

According to technical analysis, if BNB cannot break the $610 resistance, a new downward trend may begin. $580 is shown as the first support level, while $560 and $540 support levels are also important. If the $540 support is broken, the price may drop to the $500 support range and trigger significant losses down to the $450 level.

It is noted that the 4-hour MACD for BNB/USD is gaining momentum in the upward zone, while the RSI is above the 50 level. These conditions indicate an uncertain period for investors. Important resistance and support levels are listed as $598, $610, and $640, and breaking these levels may affect the BNB price.

The current market situation and technical indicators for BNB indicate that investors are in a period where they need to be cautious. Critical levels set for rise and fall scenarios are highlighted as points to be followed by investors.

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