BNB Overbought: Rally Left or Sell Off Coming?

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BNB is currently trading around $766, reflecting a slight โ€‘1.7% dip intraday. Despite this modest pullback, the token remains about 6% above its early-week lows, supported by robust market sentiment and institutional buying.

In this article, we will look at bnb next target and latest news.

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BNB Next Target

  • Current Price: $766.36
  • 24h Price Change: โ€“0.17%
  • 24h Range: $762.97 โ€“ $808.27
  • Market Cap: ~$106.5โ€ฏbillion
  • 24h Trading Volume: ~$3.3โ€“3.9โ€ฏbillion
  • Circulating Supply: ~139.3โ€ฏmillion BNB
  • Max Supply: 200โ€ฏmillion BNB
BNB Next Target

Price is in an Uptrend. It broke out of Falling Wedge, above 200 SMA and $700 resistance, which signaled continuation of uptrend. It’s now made a new ATH at $804! However, price is getting very overbought (RSI > 80!) at this resistance level, hence, we could see a pause and pullback as traders take profits.

Key Technical Indicators

  • ATH Breakout: BNB recently surged past $800โ€”a fresh all-time highโ€”buoyed by a 16% weekly gain.
  • RSI: Near overbought territory (~69โ€“70), suggesting that short-term consolidation or mild pullback is possible.
  • Support Levels: $760โ€“$765 (recent intraday support), then $750โ€“$755 (4โ€‘hour support level).
  • Resistance Levels: Intraday high near $809โ€“$810, with next targets around $850โ€“$860 on sustained bullish momentum.

Latest BNB News & Developments

  • Record-Breaking Price
    BNB hit a new all-time high of $804โ€“$809 following strong token burn programs, rising DEX volume, and institutional purchases.
  • Institutional Accumulation
    Nanoโ€ฏLabs added approximately 120,000 BNB (~$90โ€ฏmillion) to its treasury via OTC purchases; other corporates also increased holdings.
  • Usage & Onโ€‘Chain Activity
    Daily transactions on BNB Chain exceeded 5โ€ฏmillion, and daily DEX volume surpassed $14โ€ฏbillion, drawing attention for on-chain utility.
  • Altcoin Leadership
    BNB now ranks as the 5th-largest cryptocurrency by market cap, briefly overtaking Solana, reinforcing its position in the altseason narrative.

Summary & Outlook

BNB remains strong but poised for either continued rally or consolidation

  • Bull Case: Holding above $760โ€“$765 and closing above $809โ€“$810 could set sights on $850โ€“$860 next.
  • Bear Case: Failing to hold intraday support could pull prices back toward $750, with deeper support near $734โ€“$740.

๐Ÿ‘‰ Short-Term Outlook: Bullish with potential consolidation
๐Ÿ“‰ Risk Level: Moderate โ€“ overbought conditions suggest monitoring ahead of next move

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Harsh Panghal
Harsh Panghal

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