BNB price analysis (Bullish) — 1107.42 USDT (+3.49% 24h)

BNB is showing strong momentum, trading at $1,107 with a solid 3.5% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($1,080) and 50-day SMA ($1,077), indicating sustained bullish pressure. However, the RSI reading of 76.8 signals overbought conditions, suggesting a potential near-term pullback. Trading volume remains robust at $455 million, supporting the current price action. Traders should consider taking partial profits at these levels while maintaining core positions. For new entries, waiting for a pullback toward the $1,080 support level would provide better risk-reward opportunities. The elevated volatility at 4.1% indicates continued price swings, so position sizing should remain conservative. Overall, the trend remains upward but caution is warranted given the overextended technical indicators.