Recently, looking at BNB's trend, it has indeed entered a very interesting phase.

From a technical perspective, the price is currently stuck at 902.35, with the upper and lower Bollinger Bands tightening into the range of 887.89 to 910.72. This narrowing often signals the prelude to a major move—both bulls and bears are holding back, and whoever first increases volume will win.

In the short-term moving averages, the MA7 at 905.82 faces some resistance, but the support is well established below by the MA30 (897.20) and EMA30 (898.87). Overall, it looks like a triangle convergence, just waiting to choose a direction. The MACD is a bit delicate; DIF is above DEA, but the red histogram is shrinking, indicating the upward momentum isn't very fierce. If it can't break through 910, there might be a death cross risk.

Even more interesting is the on-chain data. Over the past day, BNB has net flowed out of exchanges by 1.2 million tokens, with large holders accumulating chips, and selling pressure isn't as big as expected. The top ten wallets have increased their holdings by over 800,000 tokens in the past three days, with cost ranges concentrated between 890 and 905, forming a solid support for the price. The funding rate for perpetual contracts remains at 0.01%, with leverage longs not overly aggressive, and market sentiment remains relatively rational.

On the news front, the BNB Chain ecosystem projects are frequently incubating, with staking and locking volume increasing by 12% week-over-week. These developments are gradually enhancing the ecosystem's value expectations. If Bitcoin can hold above $62,000, the platform token sector may see a rebound rally, and BNB, as a leading token, will undoubtedly benefit the most.

My view is this: in the short term (1–3 days), the price is likely to test the 895–910 range repeatedly. If the hourly volume can break through the resistance at MA7 (905) and turn it into support, then we can look toward the previous high of 911.23. If a real breakout occurs, then targets could be 925–935. Conversely, if the price falls below 895 and the MACD forms a death cross that widens, be cautious of a pullback to 885 (lower band + previous support).

For traders holding positions, if the 895 support holds, keep holding. A break above 910 can be a signal to add on the right side, but with a strict stop-loss at 888. Those still observing can enter in batches between 898 and 903, using smaller stops to aim for larger gains.

Ultimately, the accumulation on the BNB chain and the convergence of technical indicators are nearing the end, and all data point toward an upward breakout. It just depends on when the bulls will truly step in and ignite that fuse.