🚀 BNB Breaks ATH and Approaches New High!
The digital currency BNB reached 864 USD, marking its highest price in history, amidst a strong upward wave supported by increasing demand from investors and institutions.
Current Situation:
The current price is around 844 USD, with daily fluctuations between 829–868 USD, reflecting significant market activity.
Technical indicators show positive momentum: the RSI is at 63, indicating that the currency is not in the overbought zone yet, and there is room for further upward movement.
Within the Bollinger range, the price is nearing the upper limit, reflecting the strength of the trend but alerting to the possibility of a temporary correction.
Support and Resistance:
Nearby Resistance: around 900 USD, the next target if the rise continues.
Immediate Support: between 800–810 USD, an excellent area to enter during a correction.
Medium Support: around 739 USD, if the price drops further, it could be a strong accumulation opportunity.
Technical Signals:
Some daily and monthly indicators show strong buy signals, while the short term may give sell signals.
Increased trading volume during the drop followed by the rise may confirm the strength of support and indicate a good entry opportunity.
Entry After Correction:
Monitor the 800–810 USD area for entry after a price rebound.
Follow the RSI; waiting for it to return to the 50–55 range before entering may be better.
Ensure the strength of support and trading volume before making a decision
