BNB Price Rebounds After the Biggest Burn Yet – Traders are Watching This Level

TLDR BNB Chain completed its 37th quarterly burn, removing 1,646,196.44 BNB worth about $1.197 billion. BNB trades near $725 to $726, up about 0.5% to 1.2% in 24 hours. Total supply now stands at 131,512,085 BNB, about 31.51 million above the 100 million target. The daily chart shows BNB below its 20-day moving average of $751.70, with RSI at 41.32. Support sits near $700 to $703, while resistance is near $750 to $752. BNB Chain completed its 37th quarterly token burn on October 19, removing 1,646,196.44 BNB from supply. The BNB Foundation valued the burn at about $1.197 billion. The figures were recorded at 10:05 a.m. UTC. The 37th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).

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