Reached its all-time high (ATH) of $882.59 on August 14, and is currently trading at $851.10 (a 3% decline from the peak)
Market capitalization reached $119.89 billion, surpassing Rolls-Royce
Daily trading volume remains strong at $3.45 billion with a positive change over 24 hours (+2.61%)
Growth factors
The BNB network company has strategically increased its holdings by 125,000 BNB, demonstrating institutional confidence
The broader digital market stability with a global market value of $3.95 trillion provides a supportive environment
Expanding the use cases of the ecosystem through mergers in decentralized finance (DeFi) and NFT-specific initiatives enhances long-term value
Technical and strategic outlook
An important support level at $818 with short-term targets at $845-860
The Relative Strength Index (RSI) is approaching the overbought zone (70) while the MACD remains positive
A high long-short ratio (18.67) indicates aggressive buying sentiment but increases the risk of profit-taking
The appropriate strategy: buying during pullbacks towards support levels, and implementing profit-taking strategies near resistance levels
Community sentiment
A prevailing positive sentiment (90%) among traders despite short-term correction fears
Increasing confidence in the development of the BNB ecosystem and institutional adoption
Technical indicators suggest continued momentum if the currency maintains trading above key support levels
