BNB price rebounds from $1,133 support following the 33rd quarterly token burn on the BNB Smart Chain, reinforcing bullish momentum toward higher resistance levels. Summary 33rd quarterly BNB token burn completed on the BNB Smart Chain. Price rebounds from $1,133 support and tests $1,148 resistance. Holding above support keeps bullish structure intact toward $1,182. Binance (BNB) price has rebounded sharply from the $1,133 support zone after the successful completion of the 33rd quarterly token burn on the BNB Smart Chain. The burn event, which permanently removed a portion of BNB’s circulating supply, injected renewed optimism into the market, triggering a short-term rally. From both a fundamental and technical standpoint, the event reinforces BNB’s long-term deflationary model while supporting the continuation of its broader bullish trend. BNB price key technical points Token Burn Catalyst: The 33rd quarterly burn completed directly on the BNB Smart Chain. Key Support Rebound: Price bounced from $1,133, confirming structural demand. Resistance in Play: Price now trades at $1,148, testing short-term resistance. BNBUSDT (30MIN) Chart, Source: TradingView BNB’s price structure continues to display resilience, with the latest rebound from $1,133 reinforcing its bullish trajectory. This level represents a high-timeframe support, where price previously consolidated before breaking higher. The completion of the token burn coincided with a renewed influx of demand, validating this area as a strong structural base. Following the bounce, BNB is now trading near $1,148, a local resistance zone that could determine the next directional move. A confirmed breakout above this level would open the probability of a rally toward the next swing high near $1,182. From a technical perspective, the broader trend remains intact with consecutive higher highs and higher lows, indicating a sustained bullish market structure. If price maintains support above $1,133, this level will serve as the new higher low, supporting continuation toward higher targets. Conversely, failure to hold above this region could result in a short-term correction before reaccumulation occurs, though current momentum suggests buyers remain in control. From a market structure perspective, BNB continues to move within a strong bullish framework. The repeated defense of key supports and continued formation of higher lows confirm that sentiment remains optimistic. On the fundamental side, the 33rd token burn event underscores the long-term sustainability of BNB’s deflationary mechanism. Each quarterly burn reduces total supply, theoretically increasing scarcity and supporting price appreciation over time. The event also reflects continued activity and growth on the BNB Smart Chain, as transaction volumes and network utility remain steady despite broader market volatility. What to expect in the coming price action As long as BNB maintains stability above $1,133, the bias remains bullish. A breakout above $1,148 resistance would likely trigger continuation toward $1,182, and potentially beyond, if volume expands alongside price movement. In the short term, traders should monitor how BNB reacts around $1,148, a decisive close above this region will confirm strength, while rejection could lead to brief consolidation before another attempt higher. Overall, both technical structure and fundamental developments continue to favor bullish momentum for BNB.
