What you need to know
How high will Binance Coin rise this year?
In the months to come, if Bitcoin is a success and the markets are favorable, then the token could reach even $2,000 and beyond.
Are traders and investors expecting a dip in price to purchase more?
If there is a decline, $950 to $1,000 would be the area of demand, while $800 will be the level at which you should keep your eye.
Binance Coin [BNB] The 21st September saw a new high for the exchange token of $1,079 Exchange tokens were likely to reach the price of $1,187 as the next Fibonacci expansion level.
Source: CoinGlass
The price may drop towards the $1,000 and $1,040 levels in the near term to find liquidity. The magnetic area that was forming just below the $1,100 level became more dense and closer.
Hence, it is likely that the next 24–48 hours will see another push and new ATHs.
Long-term BNB price prediction
BNB/USDT TradingView
Binance coin’s structure and momentum on the 1-day chart were both strongly bullish.
In the price discovery mode of the exchange token, it was a good idea to use Bitcoin [BTC] BNB could still grow if it only spent $115k, and didn’t fire overheated signals on the chain.
The weekly chart showed the strength of tokens from July. At that time, the $740 mark had been an important resistance level. It had been there since November 2024.
BNB broke through this resistance, and the white box highlights a value imbalance or fair-value gap.
BNB bounced higher after the breakout. It retraced its steps to the upper portion of the fair-value gap.
Investors were elated by this sign, which highlighted the dominance of buyers. Moving averages and Awesome Oscillator indicated that momentum was bullish on the weekly timeframe.
BNB/USDT TradingView
If we look at the BNB rally briefly in the prior cycle, it is clear that BNB accumulated for nearly 18 months below $40. Binance Coin reached $280 in early 2021 and then the high for this cycle of $691.
The market capitalization is now much larger than the accumulation BNB experienced below $750 over an 8-month period. While its movements might not be as large and quick or explosive, they still have the potential to surprise investors.
It might not make sense for investors to wait until Bitcoin Onchain metrics are hot before calling the top.
Disclaimer: This information is not intended to be a financial, investment or trading advice. It represents the sole opinion of the author.
“This article is not financial advice.”
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Source: ambcrypto.com
