Key Insights
- •The Binance Coin has risen by a margin of 5% in the last week, which is an indication of the overall bullishness in the market and investor confidence.
- •The 34th token burn of BNB Chain eliminated $1.27 billion of tokens, which guarantees a deflationary pressure in the long run.
- •Positively situated on the market indicators, Binance Coin is set to reach a scale above the price of $1,000.
Binance Coin (BNB) has been trading at a very good position of more than 940, which is a very high rise of 5 percent during the last week. This gradual increase is a part of an overall positive trend in the cryptocurrency market, with Bitcoin remaining over $96,000 and Ethereum remaining over $3,300. Investors are gradually expressing a growing interest in the space, which leads to a rise in the Binance Coin price.
BNB Chain Burns 34th Quarterly Tokens
BNB Chain has made an important step and carried out its 34th quarterly Binance Coin burn. This is a token burn, permanently removing BNB from circulation, worth a staggering 1.27 billion during the transaction. The total number of BNB tokens burned was 1,371,803.77, and some of them (100.1 BNB) were burned under the Pioneer Burn Program. The net decrease in supply is a deflationary action in the long run that would mean a healthy Binance Coin ecosystem.
According to the current daily performance of BNN, as of January 15, 2026, it has been recording a modest rise of 0.21% in the last four hours, where it is trading at $939. The cryptocurrency has been experiencing a bit of volatility, which has seen it penetrate resistance levels at 900 and move to 950. The Relative Strength Index (RSI) value stands at 64.36, and it means that BNB approaches an overbought level. Nevertheless, the Moving Average Convergence Divergence (MACD) indicator is still positive, which is an indication that there is still buying pressure.
BNB is Poised to Reach the Mark of $1,000, Breaking Resistance Levels
The current volatility notwithstanding, BNB is still well-placed to record additional gains. When the price can overcome the resistance at 950, this may be the beginning of a bullish breakout up to the $1,000 mark. These are the main levels to which investors are paying much attention because the quarterly burn and robust market momentum remain important in determining the price movement of BNB.