BNB has demonstrated notable relative strength, with a limited pullback of 7% compared to more aggressive corrections in other cryptocurrencies. The asset is solidly consolidating above its 50-session moving average on a daily time frame and above the key support of 900 USD.
This price action suggests a rotation of capital from Bitcoin to ecosystem assets with solid fundamentals, such as BNB. As long as the price remains above 900 USD, the technical structure favors a bullish continuation. The immediate target is projected towards the psychological resistance at 1,025 USD.
However, like Bitcoin, BNB exhibits a bearish divergence in the RSI since its 2024 highs, which introduces a latent risk. If the price fails to surpass the resistance of 1,025 USD and loses the support of 900 USD, the scenario would change radically. In that case, a technical correction would be activated with targets at 741 USD and, potentially, at 674 USD. The strength or weakness of BNB in the coming days will be a key thermometer for the overall sentiment of the altcoin market.
