BNB has officially surpassed the important resistance level of $800 with strong upward momentum, accompanied by increased trading volume. This confirms the continuation of the medium-term uptrend and opens up opportunities for higher targets in the near future.
🎯 Price Targets:
Target 1: $820 – This is the nearest short-term milestone that BNB may test in the upcoming trading sessions if momentum holds.
Target 2: $850 – If it breaks $820 with high liquidity, $850 will be the next target due to the market's FOMO effect.
Target 3: $900 – An important psychological resistance level, where strong profit-taking from long-term investors may occur.
🛡️ Support Zones:
Nearest support: $780 – This is the nearest breakout zone; if the price adjusts slightly, $780 will play a crucial technical support role.
Strong support: $761 – Coinciding with the 20-day moving average (20MA), this is a reliable support level for a sustainable uptrend.
📊 Suggested Trading Strategy:
Short-term strategy: If the price adjusts to the $780–$761 zone and a positive reversal candle signal appears, consider buying.
Medium-term strategy: Maintain a buy position if BNB continues to close daily candles above $800. Investors may increase their positions when the price breaks through $820.
⚠️ Important Note:
Adjusting to the 20MA is completely normal and does not negate the uptrend unless significantly broken.
Trading volume needs to remain high to confirm the sustainability of the upward momentum.
In the event of a strong market correction below $761, it is advisable to reconsider the strategy as the short-term trend may be broken.
🔍 Conclusion:
As long as BNB stays above the $780 zone, buyers still have full control of the market. This is a phase where the market is extremely optimistic about altcoins in general and BNB in particular.
📌 Recommendation: Always manage risk well and closely monitor volume fluctuations and price behavior at important target and support zones.
