𝗕𝗡𝗕 𝗣𝗿𝗶𝗰𝗲 𝗡𝗲𝗮𝗿𝘀 $𝟳𝟬𝟬 𝗔𝗳𝘁𝗲𝗿 $𝟭𝗕 𝗕𝘂𝗿𝗻 𝗪𝗵𝗮𝘁’𝘀 𝗡𝗲𝘅𝘁 𝗳𝗼𝗿 𝗧𝗿𝗮𝗱𝗲𝗿𝘀?

✅ Key update:

BNB burned 1.59M tokens worth over $1B, cutting supply to ~139.29M

Open interest surged to $780M, signaling traders expect big moves

Current price: $689.45, trading above key moving averages

🔥 BNB’s big burn sparks fresh momentum

BNB’s 32nd quarterly burn removed 1.59 million tokens (≈$1 billion) from circulation — pushing price up nearly 2% to trade around $689. Token burns mean fewer coins in supply, which can help long-term price growth when demand stays strong.

📊 Technical setup: clear bullish structure

BNB is holding well above its main supports:

50-SMA: $656

100-SMA: $632.79

150-SMA: $628.33

Momentum indicators are also positive:

MACD line (5.06) above the signal line (2.51) suggests buying pressure

Histogram bars are rising momentum building up

Three daily green candles in a row confirm trend strength

🧭 Next targets and trader roadmap

If bulls keep control and price stays above $680, next upside targets:

➡️ $700 (psychological resistance)

➡️ $710 (breakout confirmation level)

➡️ $740–$750 (extended target if volume stays strong)

If BNB falls below $660, price could retest:

🔹 $640 — aligned with 100-day SMA (key area for bulls to defend)

🔹 Below that, downside risk increases — but overall market still looks bullish

🧠 Why traders stay bullish long-term

BNB’s deflationary supply keeps shrinking after each burn

Open interest above $780M means more traders are betting on bigger moves

Rising volume shows fresh capital entering the market

✅ Summary for traders :

Momentum is up, technicals support a push toward $700–$710

Stay cautious if BNB breaks below $660 may signal a short pullback

Overall trend remains bullish while price holds above key moving averages

#bnb