BNB experienced a slight pullback after hitting a new high yesterday, but it is still in a strong upward channel. Penny maintains the target of $1,000 unchanged.
Current resistance is in the $868–870 range. If this is broken, one can focus on short-term targets within the $900–1,000 range; support should be noted at the $830–840 range. Bulls are clearly in control, and if institutional buying continues, the market may have further room to grow.
