BNB Price Falters Amid Overbought Signal and Dead Flat Momentum

BNB's recent price surge has raised concerns about its momentum, with the RSI at 71 and MACD histogram going completely dead flat. Despite this, smart money isn't flinching, with top traders running an even heavier position than retail investors.

The price is trading above its short- and medium-term moving averages, providing layered support. However, the momentum indicators suggest that the market may be due for a pullback before continuing higher.

Key levels to watch include $631, where the immediate resistance lies, and $609, which marks the confluence of support from the 7-day SMA and reclaimed 200-day SMA. A daily close below $606 invalidates the bullish thesis entirely.