Will BNB rise? These three indicators will give you peace of mind.

First, let's look at the moving averages. The EMA20 and EMA50 on the daily chart are definitely in a bullish arrangement—short-term moving averages are above the long-term ones and continue to diverge upwards, indicating a solid trend foundation. Next, the MACD is firmly above the zero line on the daily chart, with the fast and slow lines maintaining a golden cross, and the histogram is still lengthening, clearly showing strong momentum for a mid-term rise with no signs of weakness.

Finally, let's look at the RSI, which is likely to be above 60 on the daily chart, indicating a strong zone. Even if it approaches overbought territory, there's no need to panic; in such a strong trend, this actually reflects strong momentum, so continuing to look bullish is perfectly fine!

BNB Sheng's midday thoughts:

Suggest buying around: 1175 - 1185, aiming for the 1205 - 1230 range! #bnb $BNB