$BNB just crossed $750 and every other coin on BNB Chain is already pumping 🚀
On September 4, BNB Chain reported $5.49B in DeFi TVL, $1.016B in 24-hour DEX volume, 1.92M active addresses and 15.89M transactions.
However, the broader activity picture is less convincing, with 7-day DEX volume down 25.50% and perpetuals volume down 60.39%.
Supply dynamics provide another supportive factor. BNB Chain's July 15 quarterly burn removed 1,615,827.795 BNB, bringing reported supply to 133,166,127.91 BNB.
The contrast is therefore clear: network usage and supply reduction remain constructive, while market participation is cooling.
The immediate level to monitor is $728.26.
A daily close above it would provide stronger evidence that buyers can absorb the nearby resistance.
On the downside, $686.60 remains the first important support, followed by $675.00 if that level fails.
The 1 to 2 week window is important because BNB needs to demonstrate that its network fundamentals can translate into sustained price demand.
A daily close under $686.60 would weaken the setup and invalidate the current constructive bias.
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