BNB Soars to Record $801 High as Wall Street Goes Full Crypto Degen
Binance Coin just mooned past every analyst's wildest price target—and the suits are finally paying attention.
Institutional FOMO hits hyperdrive
That $801 ATH isn't retail traders pumping their bags. Whale-watching chains show hedge funds quietly accumulating BNB positions since Q2, back when traditional finance was still pretending to 'wait for regulation.' Now? They're front-running the SEC's inevitable surrender.
The cynical take
Watch how fast Goldman Sachs launches a 'BNB Structured Product' with 3% yields and 30% fees. Crypto never changes—just the hands holding the bags.
BNB price analysis. Credit: crypto.news
The relative strength index is well above the overbought level of 70 at 87.54, indicating that buyers are in control but also raising the possibility of a short-term decline.
BNB continues to hold firmly above the 20-day simple moving average, now at $704, indicating a strong uptrend structure. Together with the price, volume has also increased, confirming the move.
BNB may aim for the psychological $850 level if momentum continues, with $900 serving as the next significant resistance level. If RSI cools off or a pullback occurs, BNB may find support NEAR $740 or the 20-day SMA around $705.