Binance Coin (BNB) has recently experienced a price correction, falling from the $585 resistance level. However, it has found support at the crucial level of $570, indicating potential upward momentum. The technical indicators suggest a possible downward trend, making the current situation a critical turning point for BNB.

The hourly chart of the BNB/USD pair reveals a significant bullish trend line associated with the $570 support level. If the price remains above this level, a renewed bullish trend may emerge in the coming days. After struggling near the $585 resistance, the price corrected downward, trading as low as $571. However, maintaining the $570 support suggests a potential regain of upward momentum.

If the price rises above the current levels, the $582 resistance area will be a key level to watch. A clear move above this level could push the price higher, testing the $588 resistance. If the price breaks this resistance and closes above $588, it may gain larger upward momentum, targeting the $600 resistance.

In a potential downward scenario, a break below the $570 support level could lead to further downside potential, directing the price towards the $565 support area. The trajectory of Binance Coin's price will depend on movements around the $570 support and $582 resistance levels. If BNB fails to surpass the $582 resistance, the downward movement may continue, potentially leading to a decline towards the $532 support and even the $525 level.