BNB price analysis (Bullish) — 996.87 USDT (+0.22% 24h)

BNB is showing strong momentum, trading at $996.87 with a 0.22% gain over the last 24 hours. The RSI reading of 83.54 indicates the asset is heavily overbought, suggesting potential for a near-term pullback. However, the price remains above both the 20-day SMA ($986.97) and 50-day SMA ($989.78), maintaining a bullish structure. The substantial 24-hour volume of $298 million confirms active participation, though the elevated volatility of 2.27% warrants caution. Traders should consider taking partial profits at current levels while maintaining a core long position. Look for support around the $985-$990 zone for potential re-entry opportunities. A break below $985 could signal a deeper correction toward $970.