Sasha why NOT

$BNB experienced a 1.69% decline to $827.45 over the past 24 hours following its recent all-time high. Here are the key factors behind this movement:

Market Behavior

The drop reflects natural profit-taking after #BNB 10.75% weekly surge to $859.56. This correction aligns with broader market trends, as the total cryptocurrency market cap decreased by 1.75%, putting pressure on altcoins.

Technical Indicators

The 14-day RSI reached 76.04, signaling overbought conditions and increasing the likelihood of a pullback. Price action failed to maintain above the $834.42 pivot point, with attention now on the $808.85 support level.

Institutional Interest

While corporate treasury announcements initially drove BNB's rally, skepticism remains regarding unconfirmed institutional purchases. The market awaits verification of reported large-scale BNB acquisitions.

Current Outlook

The immediate focus is on whether BNB can hold key support levels. A confirmed influx of institutional capital could renew upward momentum, while a break below support may indicate further correction.

What are your expectations for $BNB price movement in the coming days?

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