BNB price analysis (Bullish) — 994.12 USDT (+2.94% 24h)

BNB is showing strong momentum, trading at $994.12 with a solid 2.94% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($977.12) and 50-day SMA ($962.25), indicating sustained bullish pressure. With an RSI of 67.86, BNB is approaching overbought territory but hasn’t yet reached extreme levels that would signal an immediate reversal. The 24-hour trading volume of $460 million demonstrates healthy market participation, while the 3.99% volatility suggests controlled price movements rather than erratic swings. Traders should watch for a potential test of the psychological $1,000 resistance level. A decisive break above this threshold could trigger further upside toward $1,050. However, given the elevated RSI, consider taking partial profits near current levels and setting stop-losses around $970. For new positions, wait for a pullback toward the $980 support zone for better risk-reward entries.