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Binance Coin price ready for a new uptrend
Binance Coin price rose 15% between August 21 and 26 as it sliced through the $517.17 resistance barrier. However, the bulls failed to sustain the upswing and were met with investors booking profit, which eventually led to a 13% retracement.
BNB is currently retesting the $449.56 support level, and buyers could make a comeback here, triggering a new impulse move.
In some cases, this uptrend could start at the $434.1 demand barrier. Either way, Binance Coin price is likely to climb 27%, shattering the $517.17 resistance barrier and make a run at the $571.32 level.
In a highly bullish case, the rally could extend up to $603.88, constituting a roughly 34% upswing.
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