Market Update

• BNB trading at $848.02 (+1.91%), near its all-time high of $882.59, with a market cap of $118.13 billion

• The fifth largest cryptocurrency maintains a strong position above the support level at $818

• Significant institutional inflows, including the purchase of 125,000 BNB by BNB Network

Bullish Catalysts

• On-chain data indicates significant accumulation with a peak inflow of 47,819 BNB on August 17

• Increasing ecosystem interest through fee reductions and the inclusion of DeFi applications and NFT platforms

• Long/short ratio at a record level of 18.55, with the Americas region having a strong impact on the price (+38.13%)

• Community sentiment trending significantly positive with 90.44% of investors being optimistic

Technical and Strategic Outlook

• Critical resistance levels: $860, followed by ATH at $882.59

• Stable support level at $818; potential correction to $845 due to profit-taking

• Warning indicators present: RSI approaching overbought territory while MACD momentum weakens

• Appropriate strategies: gradual entry into positions at support areas, securing profits near resistance levels, or using options markets for hedging$BNB