The technical setup for Binance Coin indicates that it is currently in an overbought state, even as it continues to demonstrate strong bullish momentum. Currently, the trading price of Binance Coin stands at $1,281. The relative strength index (RSI) has reached a level of 74.1, which falls within the overbought territory, suggesting a potential correction may be on the horizon. However, it is important to note that despite these overbought conditions, Binance Coin maintains robust performance above all significant moving averages. This bullish momentum is attracting the attention of traders and investors alike, who are keenly watching resistance levels for potential breakout opportunities. The interplay between the overbought conditions and the prevailing bullish sentiment may lead to interesting market dynamics in the near future.
Last updated on October 9th, 2025 at 04:19 am
