BNB Price Rebounds After the Biggest Burn Yet – Traders are Watching This Level

BNB Chain completed its 37th quarterly burn, removing 1,646,196.44 BNB worth about $1.197 billion. BNB trades near $725 to $726, up about 0.5% to 1.2% in 24 hours. Total supply now stands at 131,512,085 BNB, about 31.51 million above the 100 million target. The daily chart shows BNB below its 20-day moving average.