BNB Chain Completes 35th Quarterly Token Burn
- Quarterly Burn Scale: On April 15, 2026, BNB Chain completed its 35th quarterly burn, permanently removing 1,569,307.34 BNB valued at approximately $975.6 million, significantly reducing circulating supply and enhancing asset scarcity for holders.
- Supply Change: Following the burn, the total supply of BNB decreased to about 134,786,916.53 BNB, with 40,886,572.43 BNB earmarked for future burns, ensuring ongoing supply reduction and bolstering market confidence.
- Market Reaction: At the time of the burn, BNB traded at $621.97 with a market capitalization of $83.8 billion, reflecting a 0.8% increase over the previous 24 hours, indicating a positive market response to the burn mechanism.
- Long-term Impact: The quarterly burn mechanism is central to BNB's deflationary design, expected to continue until total supply reaches 100 million BNB, with future burns likely to further enhance holder value, akin to stock buybacks in traditional markets.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00209 | 0.00222 | 0.00235 | 0.00248 | 0.00261 | 0.00274 | 0.00287 |
| Fibonacci | 0.00222 | 0.00232 | 0.00238 | 0.00248 | 0.00258 | 0.00264 | 0.00274 |
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