#Binance

BNB Beat $860 with 3.18% 24H Gain 📈🔥

BNB has smashed through above the $860 level, posting a healthy 3.18% gain in the past 24 hours. This action demonstrates increased investor confidence and increased market momentum as investors target higher levels of resistance. Price action indicates potential continuation if purchasing pressure maintains consistency. 💹

📊 Chart Analysis:

BNB is trading above major moving averages at present, with RSI heading upwards but not yet overbought. The $850 mark, which was previously resistance, is now short-term support. If BNB keeps moving, the next resistance would be around $890–$900, while a fall below $840 may push towards testing the $820 level.

Important Points:

• Positive market sentiment is driving steady inflows ✅

• Technically, structure is in favor of bulls, but exercise caution at $900 ⚠️

• Breakout sustainability depends on volume of trades and trend of Bitcoin 🔄

Trader Guidelines:

• Observe consolidation above $850 before entering fresh longs.

• Maintain tight stop-losses below $830 to control volatility.

• Pay attention to overall market sentiment as movement in BTC could influence BNB direction.

If momentum persists, BNB may try to push towards $1,000 in future sessions. 🚀