đ„ $BNB 's $1.3B Burn: Is $1,000 the Next Stop? đ
âBinance Coin ( $BNB ) is making waves today, January 16, 2026, following the massive 34th quarterly token burn where over 1.37 million BNB ($1.3 billion) were permanently removed from circulation.
âđ Key Market Drivers
âMassive Supply Shock: The $1.3 billion burn represents roughly 1% of the total supply, reinforcing BNB's deflationary model.
âFermi Upgrade: The network just completed the Fermi Hardfork, slashing block times to 0.45sâmaking BNB Smart Chain one of the fastest in the industry.
âWeekly Trend: On the weekly chart, BNB is holding strong at $927, successfully staying above the MA(7) support of $888.
âWhale Target: Analysts predict a surge toward $1,090 if the price flips the $935 resistance into support.
âđŻ Trade Signal: BNB/USDT
âNote: Sentiment is bullish, but the price is currently consolidating below $930.
âđą Entry Zone: $910 â $928 (Buying the current consolidation)
âđŻ Take Profit 1: $946 (Weekly MA 25 Resistance)
âđŻ Take Profit 2: $1,020 (Major Psychological Milestone)
âđŻ Take Profit 3: $1,090 (Full Bullish Breakout Target)
âđ Stop Loss: $885 (Exit if it breaks below the weekly support)
ââ ïž Risks to Watch
âMacro Pressure: While the burn is bullish, broader market shifts or Bitcoin dips could temporarily delay the $1k run.
âShort-Term Weakness: BNB has dropped roughly 1% in the last 24 hours as traders take profits from the "Burn Hype".
âBottom Line: With a massive supply reduction and major speed upgrades, BNB is fundamentally stronger than ever. Buy the dip before the next Launchpool announcement triggers more FOMO.
â#BNB #Binance #TokenBurn #BNBChain #CryptoAnalysis #Write2Earn