From a technical chart perspective, BNB's recent trend is simply unstoppable. After breaking through the long-term upward trend line, the price has almost skyrocketed in a straight line, rising over 40% in a short period. Technicians believe this trend indicates a typical strong breakout, with overwhelming buying power.
From the daily chart, BNB easily broke through multiple resistance levels such as 1240, 1260, and 1300, advancing vigorously with almost no pause. In such a one-sided market, shorting is practically suicide, and many shorts have been liquidated. Although short-term indicators, such as RSI and stochastic indicators, have entered the overbought region, facing such a strong trend, overbought is not important. As long as the buying momentum does not decrease, the price will continue to rise.
Using Fibonacci extensions to calculate, BNB's next target price is around 1516 dollars, and if more optimistic, 2000 dollars is also possible. Many technical analysts have set 1500 dollars as a clear target for the current market. Of course, any rise will inevitably be accompanied by pullbacks. If it falls back from a high, around 1200 dollars is a key support level; maintaining this position keeps the overall upward structure intact.
It is worth noting that the contract open interest of BNB has surpassed 3 billion dollars, setting a new historical high. Such a massive contract position could push the price even higher if a short squeeze occurs. However, this situation also brings risks; usually, when sentiment reaches an extreme, the likelihood of a market reversal is greatest. Therefore, caution is advised when chasing highs, and waiting for a pullback before re-entering might be a more prudent choice.#BNBChainMeme热潮 #BNB创新高 #BTC再创新高 $BTC $BNB
