$BNB Bnb has surpassed ATH, will a new peak appear or is it just a trap?

Current situation

The current price of BNB is around 794 USD, slightly up from yesterday and hitting a new ATH (~804 USD according to today's news sources)

Trading volume has surged, especially the buying from institutions – a sign confirming the upward trend

Technical analysis

Technically:

RSI remains in the mid-bullish range (~56, MACD positive)

SMA and EMA 50/200 days are both trending upwards – the long-term trend remains strong. Strong support around the 658–665 USD range

The Bollinger Bands channel range indicates the price is in the upper half, showing the upward force is still present.

Regarding the technicals and current market opportunities, BNB is in a strong upward momentum, with the potential to continue conquering the 850–900 USD marks in the short term, with a further target by the end of the year.