$BNB just completed the burn of $1B worth 32, alongside a wave of staking & DeFi (LRT, xStocks) breaking out, laying the foundation for the uptrend to $800–900.

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1. Today's update

Current price: ~$684, slightly down ~2.7% in 24h

24h Volume: ~$2.08 – 2.12 billion USD

Market cap: ~94.8 – 95 billion USD; circulating ~139.3 million BNB

Sentiment: Positive with volume, on-chain, DeFi market along with high burn force (auto-burn + Venus Afterburn).

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2. News & price momentum

🔹 Short-term catalysts

32nd Burn (~1.595M BNB ≈ $1 billion) on BNB Chain – significantly reduces supply, creates scarcity

Megadrop 2 airdrop locking 350k BNB → reduces float & encourages holding

Upcoming TGE bonding curve (16/7) on Binance wallet – requires BNB to participate, boosting demand

🔸 Long-term narratives

Liquid Restaking (LRT) like Renzo, Puffer → creates new staking yield on BNB

Tokenized xStocks (with Kraken, Backed Finance) expand DeFi & RWA use cases

Maxwell hard fork (block time reduced to ~0.75s) improves speed & fees

Venus Afterburn also starts periodic burns → maintains a long-term deflationary model

Role of BNB token: pay transaction fees, staking validator, governance vote, participate in new DeFi/RWA → supply decreases + high utility.

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3. Technical analysis & scenarios

Chart & indicators:

Current price $684, retesting the support area ~$667–673

RSI ~55–60 (neutral to slightly bullish), MACD positive

Trend forming an 'ascending triangle' / mini-flag in the rising channel (640–685)

Support / Resistance:

Support: $667–673 → next $640–650

Resistance: $686–690 (fibonacci), if it breaks → test the $726 area → open target $800+

Scenario:

✅ Bull: hold above $673 & break $686 → aim for $726 → $800–900

❌ Bear: breaks $667 → retest $640–650; if it loses more, it could go down to $610–600

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4. Proposed investment strategy

Short-term trader

Buying area: $670–680 (retest support or breakout confirm)

Target: $726–800

SL: below $665

Enter a position when volume > $2.2B or breakout of the ascending triangle pattern

Medium – long-term holder

Accumulation: $640–670, preparing for a rise according to burn & DeFi narrative

Long-term target: $900–1,100 (following reduced supply + ecosystem expansion in 2025–2026)

Long-term SL: below $620; and needs to be reassessed if it loses $600

> ⚠️ Not investment advice. DYOR & manage capital appropriately.