BNB Surges Past $700: Is a Rally to $1,190 Within Reach?

BNB (BNB) has surged past $700 after experiencing an impressive 18% gain over seven days, with technical traders eyeing the crucial barrier of $725 for continued upward momentum.

The Relative Strength Index shows overbought conditions, registering between 70 and 80 across multiple timeframes, while momentum oscillators are similarly displaying extended conditions.

Technical chartist @finsends suggests that BNB may have finalized an A-wave bottom within an extended corrective pattern, anticipating a 20-70% appreciation before the next corrective phase materializes, positioning the potential Wave B recovery anywhere from $780 to $1,190.