$BNB is holding near $730, but I think the next move matters more than the current price.
The interesting part isn’t just the price. BNB Chain completed its 37th quarterly burn on October 19, removing around 1.646 million BNB from circulation. That’s a meaningful supply reduction, but don’t assume a token burn automatically sends the price higher. Demand still matters.
Right now, I’m watching the $735–$750 zone. BNB needs stronger buying volume to push through that resistance area and build a convincing recovery. If buyers fail to step in, another pullback is still possible.
My view? BNB has solid reasons to stay on the watchlist, but confirmation is more important than hype. I’d rather see buyers prove their strength than chase a green candle.
What do you think: can BNB break above $750, or will sellers push it back down first?
#BNB #BinanceSquare #CryptoTrading #BNBChain #CryptoAnalysis
The interesting part isn’t just the price. BNB Chain completed its 37th quarterly burn on October 19, removing around 1.646 million BNB from circulation. That’s a meaningful supply reduction, but don’t assume a token burn automatically sends the price higher. Demand still matters.
Right now, I’m watching the $735–$750 zone. BNB needs stronger buying volume to push through that resistance area and build a convincing recovery. If buyers fail to step in, another pullback is still possible.
My view? BNB has solid reasons to stay on the watchlist, but confirmation is more important than hype. I’d rather see buyers prove their strength than chase a green candle.
What do you think: can BNB break above $750, or will sellers push it back down first?
#BNB #BinanceSquare #CryptoTrading #BNBChain #CryptoAnalysis