BNB Price Holds Above $940 as Token Burn Fuels Bullish Outlook

Binance Coin (BNB) has remained resilient, trading above the $940 level after posting a steady 5% gain over the past week. This upward movement reflects broader strength across the cryptocurrency market, with Bitcoin holding firmly above $96,000 and Ethereum hovering around $3,300. The overall bullish trend has boosted investor confidence, creating favorable conditions for major altcoins like BNB to sustain momentum.

A key catalyst behind the renewed optimism is the completion of BNB Chain’s 34th quarterly token burn, the first burn event of 2026. During this process, a total of 1,371,803.77 BNB tokens were permanently removed from circulation. Of this amount, 1,371,703.67 BNB were burned through the standard quarterly mechanism, while an additional 100.1 BNB were destroyed via the Pioneer Burn Program. At the time of execution, the total value of the burn was estimated at approximately $1.27 billion, reinforcing BNB’s long-term deflationary model.

Following this burn, the remaining total supply of Binance Coin now stands at 136,361,374.34 BNB. The BNB Foundation has consistently emphasized that these quarterly burns are designed to gradually reduce supply over time, supporting price stability and strengthening the overall ecosystem. All burn transactions are publicly verifiable, allowing investors to track transparency and future burn schedules through official channels.

From a technical perspective, BNB has shown notable volatility but continues to trade within a bullish structure. As of January 15, 2026, BNB was priced around $939, marking a modest 0.21% increase on the four-hour chart. The token has successfully broken above the $900 resistance zone and has tested levels close to $950. The Relative Strength Index (RSI) sits near 64, indicating strong momentum while approaching overbought territory. Meanwhile, the MACD indicator remains positive, with the MACD line above the signal line and green histogram bars signaling sustained buying pressure.

If BNB manages to decisively break above the $950 resistance, analysts suggest a potential rally toward the $1,000 psychological level. However, failure to maintain momentum could result in a short-term pullback toward the $900 support zone. Overall, the combination of a bullish market environment and continued token burns positions Binance Coin favorably for further upside.