30.6 C
Miami
Thursday, July 24, 2025

BNB Overbought: Rally Left or Sell Off Coming? –

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

BNB is currently trading around $766, reflecting a slight ‑1.7% dip intraday. Despite this modest pullback, the token remains about 6% above its early-week lows, supported by robust market sentiment and institutional buying.

In this article, we will look at bnb next target and latest news.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

BNB Next Target

  • Current Price: $766.36
  • 24h Price Change: –0.17%
  • 24h Range: $762.97 – $808.27
  • Market Cap: ~$106.5 billion
  • 24h Trading Volume: ~$3.3–3.9 billion
  • Circulating Supply: ~139.3 million BNB
  • Max Supply: 200 million BNB
BNB Next Target

Price is in an Uptrend. It broke out of Falling Wedge, above 200 SMA and $700 resistance, which signaled continuation of uptrend. It’s now made a new ATH at $804! However, price is getting very overbought (RSI > 80!) at this resistance level, hence, we could see a pause and pullback as traders take profits.

Key Technical Indicators

  • ATH Breakout: BNB recently surged past $800—a fresh all-time high—buoyed by a 16% weekly gain.
  • RSI: Near overbought territory (~69–70), suggesting that short-term consolidation or mild pullback is possible.
  • Support Levels: $760–$765 (recent intraday support), then $750–$755 (4‑hour support level).
  • Resistance Levels: Intraday high near $809–$810, with next targets around $850–$860 on sustained bullish momentum.

Latest BNB News & Developments

  • Record-Breaking Price
    BNB hit a new all-time high of $804–$809 following strong token burn programs, rising DEX volume, and institutional purchases.
  • Institutional Accumulation
    Nano Labs added approximately 120,000 BNB (~$90 million) to its treasury via OTC purchases; other corporates also increased holdings.
  • Usage & On‑Chain Activity
    Daily transactions on BNB Chain exceeded 5 million, and daily DEX volume surpassed $14 billion, drawing attention for on-chain utility.
  • Altcoin Leadership
    BNB now ranks as the 5th-largest cryptocurrency by market cap, briefly overtaking Solana, reinforcing its position in the altseason narrative.

Summary & Outlook

BNB remains strong but poised for either continued rally or consolidation

  • Bull Case: Holding above $760–$765 and closing above $809–$810 could set sights on $850–$860 next.
  • Bear Case: Failing to hold intraday support could pull prices back toward $750, with deeper support near $734–$740.

👉 Short-Term Outlook: Bullish with potential consolidation
📉 Risk Level: Moderate – overbought conditions suggest monitoring ahead of next move

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Harsh PanghalHarsh Panghal

Harsh Panghal

Get Daily Updates

Crypto News, NFTs and Market Updates

Source link

- Advertisement -spot_imgspot_img

Highlights

- Advertisement -spot_img

Latest News

- Advertisement -spot_img