- BNB price gives a decisive breakout from the resistance trendline of six months correction from falling wedge pattern.
- A total of 1,569,307.34 BNB tokens were permanently removed from circulation during the 35th quarterly burn on April 15th.
- The downsloping slopes of 50-100-and-200-day EMA slope could act as dynamic resistance against recovery attempt from BNB price.
BNB, the native token of the BNB Chain, is up 0.72% in the last 24-hours to currently trade at $621 mark. The coin price gained its initial momentum from broader market uptick as the U.S. and Iran are in indirect talks to extend the two-week ceasefire. However, the BNB price gained an additional boost following the 35th quarterly token burn which incinerated 1.57 million BNB (~$1 billion), directly reducing circulating supply and supporting price.
BNB Burns $1.02B in 35th Quarterly Token Burn
On April 15, BNB Chain completed its Read Entire Article
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