BNB/USD Holds Steady at $930 After Smashing $949 Peak, Eyes $1100 Breakout

BNBUSD trades flat after hitting a fresh all-time high. It hit a high of $949 and is currently trading around $930.60.

Short-term trend remains bullish as long as support $827 (365 4H EMA) holds. It trades above the 55,200 and 365  EMA on the 4-hour chart. Near-term support is around $900; any close below targets  $865/$845/$810/$780/$755/$740/$700/$670/$650/$644/$628/$598.  If the pair closes below $500, it potentially leads to further declines towards $400.

Immediate Resistance is at $950.Any breakout above this resistance confirms bullish momentum and a jump towards $1014/$1100.

Indicators ( 4-Hour Chart)

Directional Movement Index: Neutral

CCI (50):  Bullish

Trading Strategy

It is good to buy on dips around $885 with a stop-loss set at $830 and a target price of $1100.