$BNB

📊 #BNB Market Snapshot – July 8, 2025

Binance Coin ($BNB) is trading around $663.02, down about 0.3% in the last 24 hours, as the market consolidates post-Bitcoin rally ycharts.com.

🔍 Technical Levels

Support: $650 → key floor from June dip

Resistance: $680 → recent swing high

Trend: Neutral–bullish; price above the 25‑day MA but below short‑term highs

🛠️ Key Drivers

Quarterly Burn Incoming: The 32nd BNB burn is expected to destroy ~1.62 million BNB, reducing supply and underpinning scarcity binance.com.

Ecosystem Growth: BNB Chain continues to onboard DeFi and NFT projects, boosting on‑chain activity and fee demand binance.com.

Regulatory Tailwinds: VanEck’s BNB ETF filing and positive legal developments add a neutral‑bullish bias to institutional sentiment coinmarketcap.com.

📈 Outlook

If BNB holds above $650, it may retest $680–$700. A break below $650 could open the path to $630