$BNB /USDT – Bullish Outlook Targets New Highs
BNB extended gains Monday, trading above $820 after an 8% rally last week. Nasdaq-listed CEA Industries acquired 200,000 BNB tokens ($160M), becoming the largest corporate holder and signaling strong institutional demand.
Technicals support further upside:
Immediate resistance at the all-time high of $861.10.
A breakout above $861 would trigger price discovery, with bulls targeting $1,000+.
Key support levels hold at $795 (daily) and $742 (weekly).
Momentum indicators are bullish:
RSI at 65, indicating room for upward movement without being overbought.
MACD lines poised for a bullish crossover, reinforcing positive momentum.
In summary, sustained buying interest and strong technical setup suggest BNB is positioned to test record highs, with institutional backing further strengthening the bullish case. Traders should monitor support levels for risk management.