📊 BNB/USDT Updated Technical Analysis (Price: $796)
🟢 Current Market Position:
BNB has successfully broken out of the previous resistance zone around $700–$750.
Now trading near multi-month highs, indicating strong bullish momentum.
🔍 Key Levels (Now):
Type Price Level Remarks
Current Price $796 Fresh breakout zone 🚀
Immediate Support $760–$770 Last breakout zone (retest likely) ✅
Strong Support $720 Psychological + MA50 area 🛡️
Next Resistance $820–$850 Possible profit-taking zone ⚠️
Major Resistance $880–$900 2021-2022 key supply zone 🔺
📈 Indicators Status (Assumed from Chart Momentum):
Trend: Strong Bullish ✅
RSI: Likely above 70 → Overbought, but not necessarily bearish (may continue trending) 🔥
MACD: Wide bullish gap → Momentum strong
Volume: Rising = Strong buyer interest 📈
✅ What To Do Now?
🔸 If You’re Already Holding BNB:
Hold Strong 💪 — momentum is in your favor.
Watch for $820–$850 to take partial profits (if short/mid-term).
Trail your stop-loss above $750 to lock in gains.
🔸 If You’re Looking to Enter:
Avoid chasing now — wait for pullback to $770–$780 zone.
If price retests $760–$770 successfully, that’s a safe entry point.
Set stop-loss around $735 (below last support)
🎯 Price Targets:
Target Type Level
Short-Term $820 – $850 ⚠️
Mid-Term $880 – $900 🔥
Bull Run Target $1,100 – $1,250 (2025-26) 🚀
📉 Risk Level (Now):
🔺 Medium to High — because:
Market is overbought (short-term)
Small corrections may occur soon before next move up
