Crypto analyst Crypto Patel predicted that THE $BNB price could exceed $3,000, marking a new all-time high ($ATH) for the coin linked to Binance. The analyst shared a game plan for exactly how this move should play out between now and 2028.
How the $BNB A Price Rise to $3,000 Could Happen
In a MessageCrypto Patel stated that the $BNB The price could fall as low as $400 before hitting $3,000. The analyst noted that the altcoin has rebounded perfectly from the near 0.5 Fib level. Retracement level and has now climbed 21%. As for what to do next $BNBhe stated that if the price holds above the 0.5 Fib level, then a new $ATH configuration would be in play.
However, if the $BNB The price breaks below $526, this could then lead to a fall towards the second accumulation zone (the first being $600) between $450 and $380, a range that Crypto Patel described as the best discount zone. The analyst stated that his personal goal for $BNB is $3,000, which he said could be achieved over the course of altcoin season. However, he reiterated that he would not be surprised if a retest of $400 comes before the massive run to $3,000.
THE $BNB the price, as well as the broader crypto market, is currently facing downward pressure due to the US-Iranian Warwhich is entering its fourth week. Crypto prices collapsed yesterday as oil prices hit new highs after Iran and Israel attacked key energy sites in the Middle East. The escalation of tensions has raised fears that the war could cause a rise in inflation, which is bearish for the country. $BNB price and the broader crypto market.
The analyst says $BNB Noticing a notable change in structure
In a Messagecrypto analyst CryptoPulse noted that the $BNB The price shows a notable change in its structure. This came as he revealed that the price had attempted an upside breakout but failed after trading inside. an ascending channel. The analyst added that $BNB has now moved below the lower limit of this ascending channel. CryptoPulse warned that if this level turns into resistance, further downward pressure could follow.
Crypto analyst Batman said that a gathering remains on the table for the $BNB price. He noted that the altcoin was holding up relatively well and the price had yet to move significantly. The analyst also revealed that the token is holding above a key confluence, a bullish FVG, and the 0.618 level. Fibonacci level. As long as the price stays above $610, Batman said. $BNB could still rally.
At the time of writing, the $BNB The price is trading at around $642, down over the past 24 hours, according to data. data from CoinMarketCap.
Featured image of Adobe Stock, chart from Tradingview.com