DeGRAM | BNBUSD above the resistance📊 Technical Analysis
● Candle closes have punched through the long-term black resistance and purple trend cap, turning the $666-673 breakout shelf into support as price tracks the grey inner up-sloper inside the rising channel.
● A pennant is coiling just beneath May’s peak; its measured pole and the channel geometry indicate $705 first, then the upper rail / horizontal supply near $731 once $700 gives way.
💡 Fundamental Analysis
● Binance’s 26ᵗʰ quarterly burn, slated for late July, is expected to remove more than 2 M BNB from circulation, reinforcing last week’s TVL uptick and sustaining bid interest .
✨ Summary
Long $666-680; sustained trade above $691 opens $705 → $731. Invalidate on a 4 h close below $641.
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