BNB Coin Price Prediction: Can Bulls Push it to $606?

BNB Chain’s 29th quarterly token burn on November 1 removed 1.77 million BNB (over $1 billion), reducing total supply and

sparking investor optimism. With BNB’s goal to eventually cap

supply at 100 million tokens, this scarcity could drive up value.

Positive Sentiment & Key Levels
The Balance of Power (BoP) indicator suggests bullish

momentum, with BNB trading around $576.

On-chain data also shows positive sentiment, supporting

potential price growth.

If BNB maintains support at $573, targets are set at $596 and

$606, while a drop below $563 could see it head to $543.

With supply tightening, BNB’s price rally has strong potential if

bullish momentum continues.

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