$BNB
$BNB Bullish Engulfing (Weekly): A strong bullish engulfing pattern formed last week, signaling a reversal from the prior consolidation phase.
Breakout Confirmation: BNB broke above the multi-week resistance at $750, turning it into a solid support zone.
Current Range: Trading between $750–$804, with bulls eyeing a breakout toward $850–$900.
📊 Indicators & Momentum
IndicatorStatusImplicationRSI (14)~69Near overbought — strong demand, possible short-term coolingMACDBullish crossoverMomentum favors buyersEMA 20/50/100Price above allConfirms short-term and mid-term bullish trend2Bollinger BandsPrice hugging upper bandIndicates strength, but may precede consolidation
🧠 Wave & Trend Analysis
Impulse Wave C: BNB is riding a sharp upward impulse wave, having cleared resistance levels at $693, $720, and $740.
Fibonacci Extensions: Targets align with $860–$900, and possibly $1,000 if momentum continues.
🛡️ Support & Resistance Zones
Support:
Primary: $750 (former resistance)
Secondary: $734 (50-day MA)
Deep: $684 (June consolidation floor)
Resistance:
Immediate: $804 (recent high)
Next: $850–$860
Psychological: $900–$1,000
🐋 On-Chain & Whale Activity
Whale Accumulation: Addresses holding >10,000 BNB are rising.
DEX Volume: Surpassed $14B, signaling strong DeFi engagement.
Institutional Moves: Nano Labs acquired 100K+ BNB, boosting sentiment.
BNB’s chart is telling a story of momentum, breakout, and strategic accumulation. If bulls hold $750 and break $804 with volume, the next leg could be explosive.