Will the Uptrend Continue?

BNB at the Doorstep of $700

Is it Time to Buy or Take Profits?

BNB has performed excellently, but it now faces key resistance near $700.

Bullish Potential:

• Real Utility: Its massive use in the Binance ecosystem (fees, Launchpads, BSC gas) gives it constant demand.

• It’s Deflationary: Periodic burns reduce the total supply, supporting the price in the long term.

Short-Term Risks:

• Strong Resistance: The $700-$725 zone is a psychological and technical wall that is difficult to overcome.

• Overheated Market: Technical indicators suggest that the price is overbought and needs a correction.

• Dependent on Bitcoin: A drop in BTC would drag down BNB regardless of its merits.

The bullish move is fundamentally solid but unsustainable in the short term. It’s time to be cautious, not to buy on impulse ("FOMO"). A professional would take partial profits here and wait for a pullback to support zones ($650-$660) to look for a new entry.