BNB (BNB)
Key points:
At press time, BNB was trading at $803, reflecting a 2.13% increase from its previous daily close.
The RSI reached 88.31, signaling overbought territory, while price action stayed well above the 9-day SMA.
What you should know:
BNB extended its sharp rally, with the price surging past $800 for the first time in weeks. The daily chart revealed strong bullish conviction as consecutive green candles pushed BNB further away from the 9-day SMA, which lagged at $743. The Relative Strength Index (RSI) spiked to 88.31, marking deeply overbought conditions: a sign that while bullish momentum dominated, a cooling-off period could be imminent. Trading volume remained elevated, confirming sustained interest from buyers across multiple sessions. A key catalyst behind the move was rising altcoin rotation, with the Altcoin Season Index climbing to 54 and Bitcoin dominance dipping. This likely fueled fresh inflows into BNB, which also benefited from increased utility demand across BNB Chain’s ecosystem. BNB faced minor intra-day resistance around the $807 level. If bulls maintain control, the next resistance lies near $825. However, any dip in momentum could lead to a retest of the $775–$780 support zone.
