BNB’s price cools off after ATH, but is 1,000 USD target still possible?

BNB’s price surged to an all-time high of 861 USD before cooling off back to approximately 800 USD. Recent trading activity shows significant sell-offs causing a 4.37% decline, yet the market remains hopeful for a rebound.

The bid-ask ratio remains between 0.33 and 0.37, suggesting bullish sentiment. The recent bounce of 1.52% from the 800 USD mark indicates potential interest in re-accumulating BNB, with traders positioned to buy at lower levels.

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