$BNB 🔥 Update: Navigating Key Levels After Major Token Burn 🔥
The BNB/USDT pair is consolidating around $1,103** after BNB Chain executed its 33rd quarterly token burn, removing a massive **1.44 million BNB** (worth ~**$1.65B) from circulation . This deflationary event highlights the asset's long-term structural strength, even as the price faces near-term resistance.
In the last 24 hours, BNB has seen a pullback of about -3%, with the price fluctuating between a key support level near $1,089** and a resistance wall at **$1,148 . While short-term technical indicators point to a neutral-to-bearish sentiment, the broader picture remains strong, with the token still up over 84% in the past year .
💬 Your Take:
Do you see the recent token burn and solid support levels providing the fuel for a push towards $1,150, or is more consolidation needed?
Share your charts and analysis with the community below! 👇
