#ETHCorporateReserves #DELABSBinanceTGE $BTC CEA Industries shares are up nearly 550% as the vape company revealed plans to turn into a BNB treasury company backed by a firm tied to Binance co-founder Changpeng Zhao.

Technically, BNB also dropped below the 23.6% Fibonacci retracement level of the rally that started from $744 and went up to $861. This signals a short-term weakening in the bullish trend. Additionally, BNB is now trading below its 100-hourly simple moving average, indicating short-term selling pressure.

BNB’s recent price correction might look concerning at first glance, but it could be a healthy sign after such a strong rally. Support at $800 is currently holding, and a break above $820 could trigger another move higher.

However, if the price slips below key levels like $788 and $770, traders should brace for a deeper pullback. As always, keeping an eye on technical indicators and major support/resistance zones will be key in the coming days.

Whether you’re trading BNB actively or holding it for the long term, this pullback might just be the pause before the next big move.