˗ˋˏ❖ˎˊ˗ $BNB 🔥 Will the 37th BURN BREAK THROUGH $800❓
♨️BNB entered October amid an interesting combination:
PRICE → RESISTANCE → BURN → LOWER SUPPLY
On October 4, BNB was trading near⤵
💰 $788
after rising approximately 11% in September.
But there’s a huge barrier just above⤵
🎯 $800 » 807
The price reached approximately $806.68 in September, but hasn’t yet managed to turn this zone into consistent support.
Now another catalyst is coming⤵
🔥 37th $BNB BURN
The event is expected in October, but no official date has been confirmed, nor has an amount been set in advance.
In the last burn⤵
1.615 million BNB were destroyed
≈ US$931.7 million at the time
Remaining supply: ~133.17 million BNB.
The long-term goal of Auto-Burn is to reduce the total supply to:
100 MILLION BNB
And the mechanism is independent of the Binance exchange: the formula takes into account the price of BNB and the number of blocks produced on BSC.
But keep in mind⤵
⚠️ BURN ≠ GUARANTEED PRICE INCREASE
The supply reduction is real, but the price still depends on demand and liquidity.
For October, the technical map is clear⤵
🟢 $800 » 850▸ Confirmed breakout above $800–807
🟡 $740 » 800▸ Consolidation
🔴 $700 »740▸ Loss of intermediate support.
Another source of fuel: tokenized stocks and ETFs on BNB Chain have already surpassed $1 billion in market cap, according to the network.
💬 🔥BURN » $BNB » + DEMAND: CAN THEY TURN $800 INTO SUPPORT?
⚠️ Remember: This is an informational analysis.
📖Always do your own research before investing.
#bnb #BNBChain #CryptoNews
♨️BNB entered October amid an interesting combination:
PRICE → RESISTANCE → BURN → LOWER SUPPLY
On October 4, BNB was trading near⤵
💰 $788
after rising approximately 11% in September.
But there’s a huge barrier just above⤵
🎯 $800 » 807
The price reached approximately $806.68 in September, but hasn’t yet managed to turn this zone into consistent support.
Now another catalyst is coming⤵
🔥 37th $BNB BURN
The event is expected in October, but no official date has been confirmed, nor has an amount been set in advance.
In the last burn⤵
1.615 million BNB were destroyed
≈ US$931.7 million at the time
Remaining supply: ~133.17 million BNB.
The long-term goal of Auto-Burn is to reduce the total supply to:
100 MILLION BNB
And the mechanism is independent of the Binance exchange: the formula takes into account the price of BNB and the number of blocks produced on BSC.
But keep in mind⤵
⚠️ BURN ≠ GUARANTEED PRICE INCREASE
The supply reduction is real, but the price still depends on demand and liquidity.
For October, the technical map is clear⤵
🟢 $800 » 850▸ Confirmed breakout above $800–807
🟡 $740 » 800▸ Consolidation
🔴 $700 »740▸ Loss of intermediate support.
Another source of fuel: tokenized stocks and ETFs on BNB Chain have already surpassed $1 billion in market cap, according to the network.
💬 🔥BURN » $BNB » + DEMAND: CAN THEY TURN $800 INTO SUPPORT?
⚠️ Remember: This is an informational analysis.
📖Always do your own research before investing.
#bnb #BNBChain #CryptoNews
