$BNB has successfully held the critical $800 demand zone and is showing strong signs of a weekly uptrend continuation.

Why this matters:

Weekly Structure: A confirmed candle close above $875 establishes a higher-high on the weekly chart, which is a major signal of structural strength.

Deflationary Tokenomics: The consistent BNB Auto-Burn mechanism continues to reduce supply, underpinning long-term price action.

Ecosystem Power: Momentum from Launchpool and Megadrop participation constantly drives utility and demand for BNB.

Key Levels to Watch:

Invalidation (Stop-Loss): Close below $800.

First Target: $1138 (Previous major consolidation/resistance level).

Extended Target: New All-Time Highs.

This is a clear setup for spot holders aiming for consistency. Stay patient, manage your risk!

#BNBAnalysis #TradingSignal #BNBChainHackathon2024 #Write2Earn $BNB

BNB

897.44

-0.69%