Over the past few weeks, BNB has shown mixed performance with notable volatility. After reaching an all-time high of $793.29 on December 4, 2024, BNB experienced a correction, dropping to around $661.75 by mid-April 2025, a 16% decline from its peak. Despite a 1.87% drop in the last 24 hours as of April 19, 2025, BNB gained 3% over the past week and 9.77% over the last month. The 29th quarterly burn of 1.77 million coins, worth over $1 billion, bolstered bullish sentiment, though resistance at $576.95 has held firm. Technical indicators like the 50-day SMA ($614.71) suggest a positive medium-term trend, while high trading volumes ($1.48B daily) and reduced gas fees on BNB Chain support ecosystem growth. However, bearish signals, including a potential double-top pattern, indicate possible downward pressure.

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