BNB Pulls Back After $1.65 Billion Burn, Testing Resistance Around $1,150

Technical / Analytical Style (Market Focus)

BNB Faces Stiff Resistance Near $1,150 Despite $1.63B Burn Event
October 28, 2025

BNB extended its sideways trading pattern Tuesday, declining modestly even after BNB Chain executed its 33rd quarterly burn, permanently removing 1.44 million BNB (worth roughly $1.63 billion) from circulation.

The event, part of BNB’s deflationary framework, aims to gradually reduce total supply to 100 million tokens. Post-burn, circulating supply now stands at 137.7 million BNB.

Following the burn, BNB briefly rallied but failed to sustain upward momentum, with prices oscillating between $1,122 and $1,154 before closing near $1,137. The $1,147 resistance zone remains a key ceiling that bulls have yet to overcome, according to CoinDesk Research data.

“The recurring burns strengthen the asset’s long-term fundamentals by increasing scarcity,” said David Namdar, CEO of CEA Industries.

Intraday data shows over 100,000 BNB traded in a one-hour window, yet buying pressure subsided quickly. Price support held firm near $1,122, signaling some accumulation at lower levels, though momentum indicators show fading strength.

Analysts expect BNB to remain range-bound unless demand growth accelerates enough to break the $1,150 threshold, which could confirm a shift in trend toward bullish continuation.