🚀 BNB Holds Strong — Bulls Still in Charge? 🔥
$BNB is flexing — price action is steady near its all-time highs, and bullish momentum refuses to quit.
After a breather around the RSI 76 zone, traders are watching closely…
👉 Overbought? Yes. Exhausted? Not yet.
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📊 Indicators at a Glance:
🟢 RSI (Relative Strength Index):
Still in overbought territory — currently hinting at continued upside, but flashing a warning light. A push toward 100 = serious bullish strength… but also overheated territory 🥵
🟢 MACD (Moving Average Convergence Divergence):
On June 28, the blue MACD line flipped above the red signal line — a clear buy signal that’s still valid. As long as this holds, the bulls have the upper hand.
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⚠️ But Don’t Get Too Comfortable…
If RSI starts dipping below 70, and the MACD curls down, the momentum could shift.
Watch for a pullback to the 50-day EMA around $689 — a key support level that could absorb selling pressure if things cool off.
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TL;DR:
✅ Bullish trend intact
⚠️ Market is overheated
🔍 Watch RSI + MACD closely
📉 A breakdown may target $689 support
Stay sharp — and don’t chase green candles blindly! 🧠📉
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