🚀 $BNB reached 1,000 USD – The journey of the "war horse" has not stopped yet
$BNB just set a new peak of 1,006 USD after the Fed cut interest rates, stimulating the risk appetite across the market 🔥. On-chain and derivatives are both "supporting": TVL hit the highest level since the beginning of the year, OI of futures contracts surged to a record 1.98 billion USD, and the Long/Short ratio of 1.16 shows that traders mostly choose the bull side 🐂.
Currently, BNB is holding steady around 989 USD, RSI indicates overbought but is still trending upwards, MACD maintains a bullish signal. If this momentum continues, the target of 1,200 USD is completely feasible. In a worst-case scenario, the price may retreat to test the level of 995 USD before deciding to "climb further or take a break for iced tea" 😎.
👉 This is just a fun crypto news, not investment advice!