BNB Burned $1B Worth of Tokens… Is a Massive Breakout Next?

🔥 BNB (Binance Coin) just burned 1.57 million tokens (worth over $1 Billion) in its latest quarterly burn — and the market is watching closely.

Why does this matter?

Because burning tokens = less supply, and less supply = price BOOM (if demand holds).

But that’s not the only bullish signal:

Here’s what’s heating up:

📈 BNB has formed a Symmetrical Triangle, a classic pre-breakout chart pattern

🧱 Support is strong at $520 (triple bottom)

🔁 Hovering around 38.2% Fibonacci level

🔼 Rising staking inflows = $16M+ added in the last 30 days

🔒 Staking rewards at 4% are attracting long-term holders

BUT… it’s still dancing with the bears.

The price is stuck below the descending trendline and the 50-day moving average, which means we need a confirmed breakout before the bulls take over.

What happens next?

✅ Bullish case: If BNB smashes past resistance, the price could shoot back up to $795 — a +37% rally

❌ Bearish case: If it dips below $520… the whole bullish narrative gets wrecked

So we ask…

Is BNB about to moon? Or is this just smoke and mirrors?

Stay sharp. This one’s got fire and fear written all over it.

#BNB #BinanceCoin #CryptoNews #TokenBurn #MetaplanetBTCPurchase