Technical analysis by DeGRAM about Symbol BNB: Buy recommendation (7/16/2025)

📊 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. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!