The market attention is focused on BNB as it experiences an uptrend beginning from the $500 region, with price breakthroughs at $520 and $540. Currently valued at $575, BNB is trading above the 100 simple moving average, with strong support around $580 on the 4-hour chart for the BNB/USD pair.

Potential for a new rally is high if the price can surpass the $610 resistance level. The $588 mark is proving to be a significant resistance, but breaching $610 could lead to a considerable price increase towards the $680 level.

What Are the Warning Signs for BNB in the Crypto Market?

Despite BNB's recent performance catching attention, caution is advised due to possible signs of a new downtrend if the $610 resistance level remains unbroken. Support levels are crucial, starting from $580, down to $560, and the main support at $540. A breach of $540 support could lead to price drops towards $500 and potentially down to $450.

Examining the technical indicators, the 4-hour MACD is showing bullish momentum for BNB/USD, while the Relative Strength Index (RSI) is above 50, suggesting some positivity. With uncertain times ahead, key support levels are identified at $580, $560, and $540, while resistance levels stand at $598, $610, and $640.