BNB price analysis (Bullish) — 1075.28 USDT (+7.87% 24h)

BNB is showing strong bullish momentum, trading at $1075.28 with a significant 7.87% gain over the past 24 hours. The RSI reading of 81.29 indicates the asset is heavily overbought, suggesting potential for a near-term pullback. Price remains well above both the 20-day SMA ($1041.72) and 50-day SMA ($1010.58), confirming the upward trend strength. High volatility at 2.45% combined with substantial volume of $555M suggests active institutional participation. Traders should consider taking partial profits at current levels while maintaining core positions, with key support at the $1040-1050 zone. A break below the 20-day SMA would signal trend weakness and potential for deeper correction.