From TradingView · · 30s
BNBUSDT Support Holds
Buyers defend BNB price support at 741.61 amid market pressure.
In brief
Buyers defend BNB price support at 741.61 amid market pressure. BNB price holds support at 741.61 as buyers step in against market pressure. Originally reported by TradingView.
Price Bounces
BNB has bounced from 706.70 toward 741.61 support.
Market Pressure
US inflation at 3.7% up from 3.4% in August with $434m crypto outflows.
BNB Uses
BNB pays transaction fees on BNB Chain and gives fee discounts on Binance.
Supply Burn
BNB Chain burns 1.65 million BNB leaving supply at 131.51 million.
What matters most
BNB price holds support at 741.61 as buyers step in against market pressure.
