BNB price analysis (Bullish) — 994.64 USDT (+4.26% 24h)

BNB is showing strong bullish momentum, currently trading at $994.64 with a solid 4.26% gain over the past 24 hours. The price is trading above both the 20-day SMA ($972.03) and 50-day SMA ($956.29), indicating sustained upward pressure. However, the RSI reading of 79.39 suggests the asset is significantly overbought, approaching extreme levels that typically precede pullbacks. The substantial 24-hour volume of $370M confirms genuine interest, but traders should exercise caution given the elevated volatility of 2.18%. My advice would be to consider taking partial profits here or implementing tight stop-losses around the $970 level. Wait for a potential retracement to the $960-$970 support zone before adding new long positions. The overall trend remains positive, but risk management is crucial at these levels.