$BNB BNB has surpassed ATH, is a new peak appearing or just a deception?

Current situation

The current price of BNB is around 800 USD, slightly up compared to yesterday and reaching a new ATH (~804 USD according to today’s news sources)

Trading volume has increased significantly, especially the amount bought by institutions - a sign confirming the uptrend

Technical analysis

From a technical perspective:

RSI remains in the mid-bullish zone (~56, positive MACD)

SMA and EMA for 50/200 days are both trending up - the long-term trend remains solid. Strong support around the 658–665 USD range

The Bollinger Bands channel range shows that the price is in the upper half, indicating that the upward momentum is still present.

Regarding the current technical situation and market opportunities, BNB is in a strong uptrend, with the potential to continue conquering the 850–900 USD marks in the short term, with a further target by the end of the year.

However, closely monitor the support area around 740 USD - if lost, caution is needed.