๐ BNB Holds Strong โ Bulls Still in Charge? ๐ฅ
$BNB is flexing โ price action is steady near its all-time highs, and bullish momentum refuses to quit.
After a breather around the RSI 76 zone, traders are watching closelyโฆ
๐ Overbought? Yes. Exhausted? Not yet.
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๐ Indicators at a Glance:
๐ข RSI (Relative Strength Index):
Still in overbought territory โ currently hinting at continued upside, but flashing a warning light. A push toward 100 = serious bullish strengthโฆ but also overheated territory ๐ฅต
๐ข MACD (Moving Average Convergence Divergence):
On June 28, the blue MACD line flipped above the red signal line โ a clear buy signal thatโs still valid. As long as this holds, the bulls have the upper hand.
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โ ๏ธ But Donโt Get Too Comfortableโฆ
If RSI starts dipping below 70, and the MACD curls down, the momentum could shift.
Watch for a pullback to the 50-day EMA around $689 โ a key support level that could absorb selling pressure if things cool off.
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TL;DR:
โ Bullish trend intact
โ ๏ธ Market is overheated
๐ Watch RSI + MACD closely
๐ A breakdown may target $689 support
Stay sharp โ and donโt chase green candles blindly! ๐ง ๐
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