BNB price analysis (Bullish) — 1168.60 USDT (-0.33% 24h)

BNB is showing resilience despite a minor 0.33% dip over the past 24 hours, currently trading at $1,168.60. The token maintains strong positioning above both its 20-day SMA ($1,154.12) and 50-day SMA ($1,151.76), indicating underlying bullish momentum. With an RSI reading of 62.18, BNB approaches overbought territory but still has room for upward movement before hitting extreme levels. The 24-hour trading volume of $406 million demonstrates healthy market participation, while volatility remains moderate at 3.09%. Traders should watch for a sustained break above $1,170 as confirmation of continued bullish momentum. Support levels to monitor include the $1,150-$1,155 zone where the moving averages converge. Consider taking partial profits near $1,200 resistance while maintaining core positions for potential further upside.