Binance Coin (BNB) remains range‑bound between $630–$690 despite broader market upside .
2612-0What’s holding it back? Likely uncertainty surrounding Q3 Binance initiatives and upcoming token burns. The exchange reported $31 billion in stablecoin reserves—hinting at dry powder for asset stimulation .
2858-0Meanwhile, NFT volume jumped 7% in June—even with reduced user count—signaling strong selective activity . BNB’s utility in Launchpad and DeFi remains intact, but without a major catalyst, it will likely continue its tight trading corridor.
⚡ Strategy:
Range trades between $630–$690 remain viable
A breakout above $700 likely needs an event like a token burn announcement or rollout of new Launchpad projects
Watch NFT and RWA marketplace adoption as future BNB accelerants
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