BNB price analysis (Bullish) — 1121.42 USDT (+0.58% 24h)

BNB is showing resilience above the $1,120 level with modest 0.58% gains over the past 24 hours. The current price trading above both the 20-day SMA ($1,116.50) and 50-day SMA ($1,115.80) indicates underlying strength, though the RSI reading of 65.69 suggests we’re approaching overbought territory. Trading volume of $173 million provides adequate liquidity, while volatility remains manageable at 3.32%. The convergence of moving averages around current price levels creates a critical support zone. Traders should watch for sustained closes above $1,125 for potential continuation toward $1,150 resistance. However, failure to hold $1,115 could trigger a pullback toward $1,100 support. Consider scaling into positions on dips toward the SMA cluster with tight stops below $1,110. The current setup favors cautious optimism but requires disciplined risk management given the elevated RSI.