BNB Overbought Signal Flashes at $721, Will Price Correct or Run to $750?

BNB is trading at $721.72, but according to technical analysis, it's overbought and due for a correction. The Relative Strength Index (RSI) is sitting at 71, which is a short-term overbought divergence that typically precedes a mean-reversion move.

The Moving Average Convergence Divergence (MACD) histogram has gone completely flat, indicating momentum exhaustion rather than consolidation. The Stochastic oscillator also shows %K running well ahead of %D, another sign of overbought conditions.

Despite the technical indicators pointing to a pullback, BNB's price is still supported by its strong bull trend. The SMA 7, SMA 20, SMA 50, and SMA 200 are all lined up in a pristine bull stack, with support sitting just beneath $683.