BNB Soars to New All-Time High of $799 as Bulls Target $1,000 Milestone

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• BNB that is currently being traded at $ 799.01 (+5.82% in 24 hours) • Binance Coin’s RSI at 87.91 Signals Extreme Overbought Conditions • Record high of $ 788 Yesterday Sentiment yesterday yesterday

What drives Binance Coin Prize today?

The BNB praise will continue its remarkable process after yesterday’s historical performance of a new all-time all-time for $ 788. This milestone has injected New Momentum into the market, where traders are now looking for the psychological level of $ 800 that BNB has briefly touched today.

The current rally builds on strong foundations established last week when BNB rose past $ 720 on July 17, powered by large networkup grades, strategic token burns and new partnerships. The breakthrough from July 16 to $ 700 marked a crucial moment when traders first started to consider seriously to consider the goal of $ 1,000 that now seems increasingly feasible.

What makes today’s price action particularly important is the continuing buying pressure despite the already increased levels. The BNB price has retained its upward process, even after reaching an unprecedented territory, which suggests that real institutional and retail demand instead of speculative foam.

BNB Technical Analysis: Extreme Bullish Signals are emerging

The technical analysis of the Binance Coin reveals an exceptionally strong bullish setup, although with remarkable overbought warnings. BNB’s RSI lecture of 87.91 places it in extremely overbought territory, usually a signal for potential short-term consolidation or pullback.

However, the MacD of Binance Coin tells a different story with a reading of 31.81 considerably above his signal line at 21.42, creating a histogram value of 10.40 that indicates a robust bullish momentum. This divergence between Overbought RSI circumstances and strong MacD signals often occurs during powerful trending movements.

The advancing average structure has been highly proposed, with BNB trading far above all important averages. The current price is $ 42.94 above 7-day SMA at $ 756.07 and a substantial $ 94.16 above 20-day SMA at $ 704.85. This divorce indicates a strong momentum, but also suggests vulnerability to take a profit.

The position of Bollinger tires from Binance Coin shows BNB trading above the upper tire at $ 791.13, with a %B -lecture of 1,0456 that confirms the outbreak over normal trading ranges. Although this indicates the power, it also warns of potential average reversal pressure.

Binance coin price levels: important support and resistance

The immediate BNB resistance is at $ 804.70, which represents half of half and a critical test for bulls trying to establish $ 800 as a new floor. Convincing this level could activate the next leg to the psychological target of $ 1,000 that traders have discussed.

On the other hand, the support levels of Binance Coin are well defined but far away from current prices. The immediate support at $ 650.21 represents a significant decrease of 18.6% compared to the current levels, which emphasizes the extensive nature of this rally. More substantial support exists at $ 601.25, although reaching this level would probably require a large sentiment shift.

The BNB resistance at current levels is especially important in view of the 24-hour trading range from $ 745.00 to $ 804.70. This range of $ 59.70 shows the volatility that is accompanied by this breakout movement, with the daily ATR of $ 21.88 which suggests that constantly raised price fluctuations.

Do you have to buy BNB now? Risk-willing analysis

For aggressive momentum traders, the BNB price campaign offers a mandatory but risky opportunity. On the basis of Binance Spot market data, the outbreak above $ 788 represents a classic momentum front pattern, which may have aimed the range of $ 850- $ 900 before it experiences serious resistance.

Conservative traders must exercise extreme caution, given the RSI conditions of BNB and the distance of meaningful support levels. A cautious approach may mean that waiting for a withdrawal to the range of $ 720- $ 750, where the support levels of Binance Coin are in accordance with earlier resistance that became support.

Swing traders can consider a scaled approach, in which partial positions are taken on every weakness below $ 780 while retaining stops below the $ 750 level where multiple technical indicators come together. The risk -free becomes more favorable on every dip, which means that the entry can be closer to established support.

Risk management at these levels is crucial, whereby the position formulation is reduced to take into account the increased volatility and extensive technical conditions that can cause sharp reversations.

Conclusion

The BNB price rally up to $ 799.01 represents a remarkable achievement, so that Binance Coin in Uncharted Territory with a real momentum pushes behind the move. Although technical indicators show overbought conditions that are careful, the underlying bullish structure remains intact with clear goals above $ 800. Traders must prepare for increased volatility because BNB tests this historical levels, with careful attention to the resistance of $ 804.70 or is galing of $itage of $it at $uieuze of $ and is of $itage of $ and of $ and is of $itage of $itage of $itage of $ and of $ 8 of $ and of $ 8 of $ and is of $ time of $u. A meaningful correction back to established support zones.

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