Recently, the BNB price is breaking through the $885 barrier, and it seems to have a trend to further pump to $920. It feels like the market is staging an intense long positions feast; do you also feel this vitality?

The BNB price has currently stabilized above $880 and $900, and it has just surpassed the 100-hour simple moving average. It appears that there is a key support trend line set at $898 on the hourly chart for the BNB/USD pair.

To maintain this growth momentum, BNB needs to stay above $885, and perhaps we can expect the next wave of pump.

The recent pump has created a bottom for the BNB price at $850, and then it continued to rise, surpassing iconic cryptocurrencies like Ethereum and Bitcoin. Along the way, it steadily overcame the two important thresholds of $870 and $885. It sounds like everyone is cheering for it.

Long positions broke through the resistance at $895, BNB reached a new high of $908. It is now consolidating its rise, nearing the 23.6% Fibonacci retracement level, which is a significant pullback indicator after a huge pump from the low of $888 to the high of $908.

Currently, the price of BNB continues to break through the $900 barrier and is still operating above the major moving averages. Furthermore, there is a trendline supporting the $898 level that has been diligently supporting it.

The upcoming resistance levels are $908, followed by $912. If these two resistances are broken, BNB may experience a significant pump and test $920. If it can maintain itself above the resistance line of $920, the market may shine brightly, with the direction pointing straight to $945, and it may even challenge the $1,000 mark. A bit of anticipation, right?

Of course, everything comes with risks. If BNB cannot cross the hurdle of $908, it may face a correction. The initial support downward is at $898, with more significant support at $893 or the 76.4% Fibonacci retracement level from the high of $888 to $908. $888 is the main support, and if it falls below this level, it might look towards the $872 mark. If losses continue, it could approach $865.

From a technical perspective, the hourly MACD indicates a strong rise trend for BNB/USD. The hourly RSI also supports this, remaining above 50.

The long-term support levels are set at $898 and $888, while the resistance is at $908 and $920.

Remember to pay attention to market dynamics, after all, investing carries risks and the market is unpredictable. It's just like the clouds in the sky, you never know where they will drift to next 😉.