🔥 $BNB reaches $845 after a 6% rally and confirms ATH – is $900 the destination?
📊 Current price and clear technical structure
BNB is trading at $843.71, after rising +5.85% in 24 hours, reaching a new intraday all-time high at $845.14, with a low of $794.21. The bullish trend remains strong, within a medium-term rising channel.
⚙️ Key factors
Strong institutional flows: analysts reported corporate accumulation of up to $520M by Windtree Capital, along with contributions from Nano Labs and Build & Build Corp. This fueled the rally on July 27 from $742 to $827.
Technical demand remains solid: daily volatility exceeds $2.8B in spot volume, although the RSI indicates overbought conditions around 80–84, suggesting a possible technical correction in the short term.
Independent technical analysis confirms a 'cup-and-handle' signal with a target of $820 and Bollinger bands pointing towards $820–$850 as the next key resistances.
🔧 Technical level of the day
📌 Key support: $830–$840 (recent high + average EMA)
📌 Immediate resistance: $845–$850
🎯 Critical zone: maintaining above $840 opens the way to next targets of $900, while a drop below $830 could imply a technical pullback to $780–$800.
🌐 Institutional outlook / macro view
BNB consolidates as one of the most demanded tokens in the Binance ecosystem thanks to its utility (staking, trading, discounts), constant burns, and growing institutional accumulation. The interest from public companies marks an upward trend, although regulatory challenges and the absence of CZ could generate volatility.
Do you think BNB will reach $900 before August? Comment your prediction below 👇
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