Currently, BNB is consolidating and moving sideways in a tight range between $760 and $790. However, a major event is coming up this month that could shake up the market.
đ„ Key Catalyst: 37th BNB Auto-Burn
The 37th quarterly BNB Token Burn is expected around mid-October. By permanently removing more tokens from circulation, the circulating supply drops closer to its 100 million goal. This is structurally bullish for long-term holders.
đ Key Price Levels to Watch:
âą Immediate Resistance: A strong daily close above $807 is needed to break out of this sideways channel.
âą Target Prices: If the breakout succeeds, experts target a rally toward $815 to $840 by the end of the month.
âą Crucial Support: Buyers must defend the $746 to $760 zone to keep the bullish structure alive.
đĄ My Trading Plan:
I am looking to spot-accumulate near the $760 support zone while waiting for a high-volume breakout confirmation above $807 before scaling into momentum trades.
Do you think $BNB will break past $800 this month? Let me know your thoughts in the comments! đ
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