$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.