BNB price analysis (Bullish) — 1329.44 USDT (+15.13% 24h)

BNB is showing strong momentum with a notable 15.13% surge over the past 24 hours, pushing the price to $1,329.44. The current trading volume exceeding $1.7 billion indicates substantial institutional interest and confirms the breakout’s validity. Technically, BNB has decisively broken above both its 20-day SMA ($1,293) and 50-day SMA ($1,203), suggesting the bulls are firmly in control. The RSI reading of 64.14 indicates healthy bullish momentum without entering overbought territory yet. However, traders should monitor the $1,350-$1,380 resistance zone closely, as this area has historically presented significant selling pressure. For position traders, consider accumulating on dips toward $1,280 support with stops below $1,250. Short-term traders might target $1,380 for partial profits while maintaining core positions given the strong underlying trend.