BNB price analysis (Bullish) — 1112.51 USDT (+1.70% 24h)

BNB is showing resilience above the $1,100 level with a modest 1.7% gain over the past 24 hours. The current price of $1,112.51 sits comfortably above the 20-day SMA at $1,079, indicating near-term bullish momentum, though it faces resistance near the 50-day SMA at $1,116. The RSI reading of 66.8 suggests BNB is approaching overbought territory but hasn’t crossed the critical 70 threshold yet. Trading volume remains robust at over $1 billion, supporting the current price action. The 5.8% volatility indicates moderate price swings, typical for major altcoins. Traders should watch for a decisive break above the 50-day SMA, which could trigger further upside toward $1,150. However, failure to hold above $1,100 could see a retest of the 20-day SMA support. Consider taking partial profits near current levels and setting stop-losses below $1,075 for risk management.