1. Platform fundamentals: The value of BNB is closely related to the operation of Binance Exchange. Binance's performance in trading volume, user growth, and product innovation (such as DeFi, NFT, and on-chain applications) will directly affect the demand for BNB. If Binance continues to expand its ecosystem (such as new on-chain projects, cooperation, etc.), it may drive BNB up.

BNB application scenarios: BNB can be used to pay transaction fees, participate in Launchpad/IEO, stake mining, etc. The increase in ecological applications (such as more DApps adopting BNB) will increase its intrinsic value.

2. Deflation mechanism (destruction plan)

Binance will destroy some BNB every quarter to reduce the circulating supply. If the destruction intensity increases or Binance's revenue increases (the destruction amount is linked to revenue), it may support the price.

3. Overall market environment

Cryptocurrency bull/bear market: If Bitcoin (BTC) and Ethereum (ETH) enter an upward cycle, BNB, as a mainstream platform currency, may follow the market to strengthen. On the contrary, risky assets are generally under pressure in a bear market.

Macroeconomic factors: Federal Reserve policies, inflation data, geopolitics, etc. will affect market risk appetite and indirectly affect the cryptocurrency market.

4. Technical analysis

Short-term trend: It is necessary to observe key support/resistance levels (such as whether the current price breaks through the moving average, changes in trading volume, etc.). If it breaks through the important resistance range, it may open up room for growth.

On-chain data: Indicators such as changes in large-scale holdings and inflows and outflows of exchanges can assist in judging market sentiment.

Bullish scenario: If the Binance ecosystem continues to expand, the overall market recovers, and regulatory risks are alleviated, $BNB may break through the previous high. #BNB走势 #牛市赛道是那条？