$BNB BNB (Binance Coin) is currently showing signs of continued bullish momentum. Trading around $690-$694, it has seen modest gains recently, supported by a significant quarterly token burn event by the BNB Chain Foundation, which reduced supply.
Technical indicators like the Relative Strength Index (RSI) suggest increasing optimism among investors. While some resistance levels around $698 have been tested with selling pressure, a sustained break above this could push BNB towards the $720-$750 range. However, a failure to maintain momentum might see a retest of support levels around $640-$650. Overall, the market sentiment remains cautiously positive for BNB in the short term.