BNBUSD Soars to Record Highs: Bullish Momentum Fuels Rally

BNBUSD hits a fresh all-time high on institutional demand. It hit a high of $909.84 and is currently trading around $907.62.

Short-term trend remains bullish as long as support $813 (365 4H EMA) holds. It trades above the 55,200 and 365  EMA on the 4-hour chart. Near-term support is around $885; any close below targets  $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 $910.Any breakout above this resistance confirms bullish momentum and a jump towards $943/$1000.

Indicators ( 4-Hour Chart)

Directional Movement Index: Bullish

CCI (50):  Bullish

Trading Strategy

It is good to buy on dips around $868-70 with a stop-loss set at $830 and a target price of $1000.