#BNB pushed through $875 to $880, but sellers quickly showed strength at that level, making it a heavy resistance zone.
This area typically attracts profit-taking, and momentum indicators suggest caution. The MACD is flashing a bearish cross, hinting at a short-term pullback. Immediate support sits around $830, and if that fails, price could sweep into the $750 range before any new leg higher but i don't see that hapenning.
Exchange Balances Keep Dropping
While price battles resistance, on-chain data shows exchange balances bleeding hard. BNB$BNB coins are steadily moving into self-custody or staking, reducing available supply for selling.
Historically, this combination of falling exchange reserves and rising prices points to strong accumulation phases, setting the stage for tighter supply shocks.
Market Cap Surpasses Rolls-Royce
$BNB ’s market cap just crossed $119.67B, overtaking Rolls-Royce in valuation. That milestone highlights how s🔥ignificant this run has become, with institutional and retail conviction driving momentum.
Long-Term Holders Strengthen the Floor
Another bullish signal is the growing share of 1y–2y holders. These wallets remain untouched, showing confidence and reducing potential sell pressure. When older coins stay locked, new demand typically triggers sharp supply squeezes, fueling explosive rallies.
⚡ Bulls are positioning fast — any dip could just be the setup before a rocket toward $1,350 and beyond. 🚀
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