DeGRAM | BNBUSD exited from the wedge📊 Technical Analysis
● Price is respecting a fresh up-sloping channel; the last pull-back halted exactly at $644 support & the inner grey trend-line, printing a higher low and confirming the former wedge top as demand.
● Inside the channel price is carving a bullish pennant whose 1.618 swing meets the red $730-$735 resistance band and the long-term purple down-trend, while RSI holds above its mid-line—signalling persistent upside pressure.
💡 Fundamental Analysis
● BNB Chain’s June “Roll-ups” test-net cut L2 fees 90 %, boosting TVL, and Binance’s new Megadrop staking programme has pushed exchange outflows to a 4-month high, tightening circulating supply.
✨ Summary
Buy $645-$660; pennant break >$680 targets $705 → $730. Long bias void on a 16 h close below $604.
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