BNB IS SQUEEZED UNDER 761 AND THE NEXT TOKEN BURN IS DAYS AWAY
BNB is the quietest major in the market right now and that is worth paying attention to
The coin trades near 750 up less than 1 percent in the last 24 hours and down 5 percent on the week
Price sits coiled directly under the 20 day moving average at 761
That level has capped every recovery attempt
Below it the 50 day average at 734 keeps catching every dip
The RSI sits near 49 which is pure neutral
This is a spring winding tighter every single day
Here is the catalyst that could snap it
The 37th quarterly Auto Burn is expected around mid October covering the third quarter
The last burn destroyed almost 2 million BNB
On top of that part of every gas fee keeps burning in real time through BEP 95
BNB Chain is also running its Set and Earn campaign through early November pushing AI agent apps onto the network
The coin still trades 45 percent below its all time high near 1370 which leaves a huge gap if momentum returns
My take as an analyst? I am watching 761 like a hawk
A clean flip of that level into support opens the road toward 770 and higher
Rejection there keeps the 715 floor in play
Will the burn announcement be the spark that breaks the squeeze?
$BNB
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #BNB
BNB is the quietest major in the market right now and that is worth paying attention to
The coin trades near 750 up less than 1 percent in the last 24 hours and down 5 percent on the week
Price sits coiled directly under the 20 day moving average at 761
That level has capped every recovery attempt
Below it the 50 day average at 734 keeps catching every dip
The RSI sits near 49 which is pure neutral
This is a spring winding tighter every single day
Here is the catalyst that could snap it
The 37th quarterly Auto Burn is expected around mid October covering the third quarter
The last burn destroyed almost 2 million BNB
On top of that part of every gas fee keeps burning in real time through BEP 95
BNB Chain is also running its Set and Earn campaign through early November pushing AI agent apps onto the network
The coin still trades 45 percent below its all time high near 1370 which leaves a huge gap if momentum returns
My take as an analyst? I am watching 761 like a hawk
A clean flip of that level into support opens the road toward 770 and higher
Rejection there keeps the 715 floor in play
Will the burn announcement be the spark that breaks the squeeze?
$BNB
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #BNB