The price of BNB found support around the weekly level of $742 on Tuesday and rose nearly 7% in the following five days.
If BNB continues its upward trend, it could continue the rally towards the all-time high of $861.10 on July 28. If a successful close above this level occurs, BNB will enter price discovery mode with buyers targeting the psychological level of $900.
The Relative Strength Index (RSI) on the daily chart reads 65, above neutral and below overbought conditions, indicating that bullish momentum may continue further. The Moving Average Convergence Divergence (MACD) line is about to turn into a bullish crossover, which could further support the recent upward trend.
