Crypto
BNB Holds Ground at $771 as Momentum Data Raises Concerns
BNB's price is holding steady at $771.43 as of October 1st, having seen a nearly 2% increase on the day.
The token's technical architecture is considered bullish, with all four major moving averages stacked beneath the current price and anchored by the 200-day SMA at $636.64.
However, momentum data suggests that BNB may struggle to break through immediate resistance in the $781-$792 range, and a daily close below $745.85 would significantly damage the near-term bull thesis.
Despite this, analyst predictions point towards a potential price increase, with some models targeting $850 by October 2nd or mid-month, although WalletInvestor's bearish call of $741.84 by month-end is also worth considering.