Recently, a key piece of news has been noticed: a certain decentralized exchange was approved through governance voting to burn 100 million governance tokens, with a total value of approximately $596 million. Such a move typically has a direct impact on the token's circulating supply and is worth paying close attention to.

From a fundamental perspective, this large-scale burn is equivalent to actively reducing market circulation, which usually provides clear support for the price. Considering the current market sentiment, the RSI indicator has already reached 60.8, indicating a high level of market enthusiasm. The current price is around $6.310, and the price trend remains upward.

The technical details are worth analyzing in detail. The current support level is at $6.0576; if broken, further correction pressure may be faced. The resistance level is at $6.5624, which is a key zone to watch during the upward movement. More importantly, the price of $6.4677—if effectively broken through—can essentially confirm the continuation of the short-term upward trend.

From a trading perspective, one could consider establishing an initial position around $6.310, with a stop-loss set below $6.0576 for clear risk control. The initial target points toward the resistance zone at $6.5624. If the price can truly break through $6.4677, further position increases can be considered to participate in the ongoing upward trend.

This combination of token burn and technical resonance is relatively rare in the market, so timing is quite important.