BNB price analysis (Bullish) — 1172.29 USDT (+7.30% 24h)

BNB is showing strong momentum with a 7.3% surge over the past 24 hours, currently trading at $1,172. The token is outperforming the broader market with substantial volume approaching $780 million, indicating genuine institutional and retail interest. Technical indicators reveal BNB has broken above both its 20-day SMA ($1,165) and 50-day SMA ($1,110), confirming the bullish trend. However, the RSI reading of 66.9 suggests we’re approaching overbought territory, which could trigger short-term profit-taking. Traders should watch for consolidation around the $1,170-$1,180 resistance zone. For position traders, holding with a stop-loss at $1,140 makes sense, while swing traders might consider taking partial profits here and re-entering on any dip toward $1,150. The elevated volatility at nearly 3% suggests continued price action, so position sizing remains crucial.