Summary
TLDR: BNB Coin had a strong March, achieving new highs before a correction. The coin is showing signs of reaching a new high in 2024, with a rising Sharpe Ratio and bullish RSI. If BNB surpasses the $593 resistance level, it could reach $632, but failure to do so may lead to a correction back to $549.
Key Points
1. BNB Coin achieved two new highs for the year in March before experiencing a correction.
2. BNB Coin is showing signs of potentially reaching a new high in 2024, with a rebound from the $550 support level to $581.
3. BNB’s risk-return profile has improved, as indicated by the uptick in the Sharpe Ratio and the re-entry of the Relative Strength Index (RSI) into bullish territory.