š Is BNB Going Up or Down?
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What's Driving the Movement?
š„ Token Burn Reducing Supply
š§¾ Technical Patterns and Market Sentiment
š¦ Institutional & Corporate Interest
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ā Summary: BNB Is Currently Up
The token is trending upward in the short term, showing positive momentum across daily and weekly timeframes.
Bullish factors include quarterly burns, smart technical patterns, and growing institutional interest.
That said, resistance around $685ā700 is a key decision pointāif breached, it could signify further upside; if it holds, consolidation or pullback might follow.
What to Watch Going Forward
Does BNB break and sustain above $700? That could open the door for higher targets.
Future burn events: Continued quarterly reductions shrink supply and may boost price.
Institutional developments: Additional announcements of BNB treasury use or IPOs could support demand.