$BNB Technical Analysis & Market Update

Binance Coin (BNB) is trading at around $759, hovering near its 52‑week high with RSI ≈83, indicating overbought conditions and a possible short-term pullback ⚠️ . The surge follows a recent rally (+4.5% in 24 h) fueled by increased BNB Chain usage (~440 M tx last month) and Binance’s $1 B token burn . Price broke above key resistance at ~$740, forming a bullish breakout, with MACD and volume still strong . Short-term support lies near $744–$745, and a retrace to $720–$730 may offer entry. Watch for consolidation or pullback before continuation toward $800+.

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