Technical analysis by DeGRAM about Symbol BNB: Buy recommendation (7/29/2025)

📊 Technical Analysis ● Daily candle closed back above the long-term median of the black rising channel after piercing the May-to-July grey resistance fan — a textbook “break-retest” that shifts the line into support at $793. ● Structure remains a staircase of higher-lows; the present pull-back is finding bids on the steep intraday trend-fan. A measured move of July’s pennant plus channel geometry converge at the round $900 barrier. 💡 Fundamental Analysis ● Binance’s 26ᵗʰ burn on 25 Jul destroyed 2.37 M BNB (~$1.9 B), shrinking circulating supply, while BNB Chain TVL rose another 4 % this week, underscoring persistent on-chain demand. ✨ Summary Long $795-810; hold above $793 points to $835 → $900. Bull bias void on a daily close below $741. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!