BNB Price Retreats to $766 After Record $788 High as Bulls Face Resistance Test
The post BNB Price Retreats to $766 After Record $788 High as Bulls Face Resistance Test appeared on BitcoinEthereumNews.com. Iris Coleman Jul 25, 2025 00:42 Binance Coin (BNB) trades at $766.30 (-1.97%) following its historic $788 peak, with technical indicators showing overbought conditions despite strong institutional backing. Quick Take • BNB currently trading at $766.30 (-1.97% in 24h) • Binance Coin’s RSI at 73.44 signals overbought territory after record highs • Nano Labs’ $90 million BNB accumulation provides strong institutional foundation What’s Driving Binance Coin Price Today? Binance Coin has pulled back from its record-breaking performance earlier this week, with the BNB price currently consolidating around $766 after touching an all-time high of $788 on July 23. This minor retreat comes as natural profit-taking follows the token’s remarkable surge. The primary catalyst behind BNB’s recent strength remains the significant institutional adoption wave. Nano Labs’ decision to expand their BNB holdings to 120,000 tokens, representing approximately $90 million at current prices, demonstrates growing confidence from major blockchain companies. This acquisition, announced on July 22, has provided substantial support for the BNB price trajectory. The broader momentum that carried BNB beyond $720 earlier this week was fueled by multiple factors including ongoing token burns, network upgrades, and increased trading activity on the Binance ecosystem. However, today’s 1.97% decline suggests the market is taking a breather after the explosive rally. BNB Technical Analysis: Overbought Signals Emerge The Binance Coin technical analysis reveals a mixed but predominantly bullish picture with important warning signs. Binance Coin’s RSI currently sits at 73.44, firmly in overbought territory above the 70 threshold. This BNB RSI reading suggests the token may be due for further consolidation or a deeper pullback before resuming its upward trajectory. Binance Coin’s MACD remains constructively bullish with a reading of 30.31 above its signal line at 24.44, generating a positive histogram of 5.88. This indicates…
The post BNB Price Retreats to $766 After Record $788 High as Bulls Face Resistance Test appeared on BitcoinEthereumNews.com.
Iris Coleman Jul 25, 2025 00:42 Binance Coin (BNB) trades at $766.30 (-1.97%) following its historic $788 peak, with technical indicators showing overbought conditions despite strong institutional backing. Quick Take • BNB currently trading at $766.30 (-1.97% in 24h) • Binance Coin’s RSI at 73.44 signals overbought territory after record highs • Nano Labs’ $90 million BNB accumulation provides strong institutional foundation What’s Driving Binance Coin Price Today? Binance Coin has pulled back from its record-breaking performance earlier this week, with the BNB price currently consolidating around $766 after touching an all-time high of $788 on July 23. This minor retreat comes as natural profit-taking follows the token’s remarkable surge. The primary catalyst behind BNB’s recent strength remains the significant institutional adoption wave. Nano Labs’ decision to expand their BNB holdings to 120,000 tokens, representing approximately $90 million at current prices, demonstrates growing confidence from major blockchain companies. This acquisition, announced on July 22, has provided substantial support for the BNB price trajectory. The broader momentum that carried BNB beyond $720 earlier this week was fueled by multiple factors including ongoing token burns, network upgrades, and increased trading activity on the Binance ecosystem. However, today’s 1.97% decline suggests the market is taking a breather after the explosive rally. BNB Technical Analysis: Overbought Signals Emerge The Binance Coin technical analysis reveals a mixed but predominantly bullish picture with important warning signs. Binance Coin’s RSI currently sits at 73.44, firmly in overbought territory above the 70 threshold. This BNB RSI reading suggests the token may be due for further consolidation or a deeper pullback before resuming its upward trajectory. Binance Coin’s MACD remains constructively bullish with a reading of 30.31 above its signal line at 24.44, generating a positive histogram of 5.88. This indicates…
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