$BNB Bnb has surpassed ATH, will a new peak appear or is it just a trap?

Current situation

The price of BNB is currently around 800 USD, slightly up from yesterday and hitting a new ATH (~804 USD according to today's news sources)

Trading volume has increased significantly, especially institutional buying – a sign confirming the upward trend

Technical analysis

From a technical perspective:

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

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

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

In terms of technical analysis and current market opportunities, BNB is on a strong upward trend, with the potential to continue conquering the 850–900 USD levels in the short term, with a further target by the end of the year.

However, it is advisable to closely monitor the support area around 740 USD – if it is lost, caution is needed.