BNB is currently trading at $894.58, showing strong upward momentum with a 3.9% 24-hour gain. However, the RSI indicates overbought conditions, suggesting potential for a pullback. Recent price action shows support around $853 and resistance near $897.
Current Market Position
BNB has risen significantly from recent lows around $842 to current levels near $895. The price is above both the 20-day ($884) and 50-day ($868) moving averages, indicating bullish momentum.
RSI Warning Signal
The RSI reading of 73 suggests BNB is overbought. Typically, readings above 70 indicate a potential price correction. This doesn’t mean the trend will reverse immediately, but it suggests caution for new buyers.
Support and Resistance Levels
Recent local lows around $853 provide strong support, while resistance sits near $897 based on recent highs. The price has tested $897 twice recently but hasn’t broken through convincingly.
Trading Strategy
Wait for a pullback to buy near support levels rather than chasing the current price. Consider taking profits near resistance if you’re already holding BNB. The high RSI suggests limited upside in the short term.
Beginner Recommendations
Advice: hold
Buy Price: 853 USDT
Sell Price: 897 USDT
Key metrics
| Price | 894.5800 USDT |
| 24h Change | 3.90% |
| RSI(14) | 73.25 |
| SMA20 / SMA50 | 884.41 / 867.93 |
| Daily Volatility | 3.41% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
