#BinanceCoin (BNB) is trading at $615.97, down ~2.3% in the last 24 hours. Intraday range: $602 – $635.
🏦 What's happening?
BNB has gained ~11% over the past month, breaking out above key levels like $670–700, signaling bullish strength reddit.comwatcher.guru+6blockenza.com+6research.ixfi.com+6.
On‑chain metrics show strong network activity: over 100M transactions/week, $14B daily DEX volume, and $6.1B TVL in the Binance Smart Chain ecosystem blockenza.com.
Binance’s quarterly token burns continue—31st burn removed ~$916 million worth (~1.57M BNB), part of the plan to halve supply—supporting scarcity and value potential coinpedia.org+6research.ixfi.com+6fxleaders.com+6.
📈 Technical Insight
BNB recently broke out of a symmetrical triangle, eyeing resistance near $700, and potentially $750–800 if momentum holds reddit.com+15blockenza.com+15reddit.com+15.
Support sits around $650, while bulls target $700+ in the short term blockenza.com+7reddit.com+7reddit.com+7.
SEC’s legal resolution and upgraded network (real-time burns) boost investor confidence and altcoin season optimism litefinance.org+15coinpedia.org+15reddit.com+15.