BNB is showing strong bullish momentum as it trades near the key resistance level of $700. Following the recent quarterly token burn, which permanently removed over 1.59 million BNB from circulation, the coin is gaining traction among investors.
On-chain activity on BNB Chain has also surged, with daily active addresses nearing 1 million. Technical indicators suggest that if BNB breaks and holds above $700, it could target $730 or higher. Meanwhile, support remains strong around $665. With growing institutional interest and ecosystem upgrades, BNB remains a coin to watch in July 202
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