Binance Coin has entered what analysts are calling a new bullish chapter. After topping its previous all-time high of $793, data from CryptoQuant suggests BNB could climb as high as $1,360 if market conditions align with historical trends.
The forecast is based on the “Realized Price” model, which measures the average price of coins in circulation by factoring in supply and daily transaction fees across the BNB Smart Chain.
This metric acts as a proxy for network activity and trader participation, giving insight into potential valuation levels.
Historically, BNB’s bull runs have extended to roughly double its realized price. At present, that value sits near $680 — making $1,360 the upper band target for this cycle.
Altcoin Season Could Amplify Gains
CryptoQuant added that if an altcoin season materializes, BNB could enjoy another 70% upside from current levels. However, the firm cautioned that the $1,360 mark has repeatedly acted as a saturation zone, where rallies have cooled in past cycles.
With BNB already reclaiming momentum, traders will be watching closely to see whether history repeats itself or if demand can finally push the coin beyond its long-standing ceiling.
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Source: https://coindoo.com/binance-coin-enters-new-bull-phase-can-it-really-hit-1360/