BNB Could Potentially Reach $1,187 Amid Bullish Momentum and Market Trends

  • CryptoQuant analyst Joao Wedson suggests a $1,000 price target may be conservative given current market trends.

  • Altcoin market capitalization growth supports a bullish outlook, with potential for significant gains ahead.

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  • BNB price forecast highlights a bullish outlook with targets up to $2,000 in 2025. Stay informed with expert analysis and market trends on Binance Coin.

    What Factors Are Driving BNB’s Recent Price Surge?

    Binance Coin’s recent rally to $850 marks a 35% increase over five weeks, outperforming Bitcoin’s stalled momentum. BNB’s strong performance is supported by growing demand on the Binance exchange and positive market sentiment. CryptoQuant analyst Joao Wedson highlights that the BNB/ETH pair remains far from peak levels, indicating room for further growth.

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    How Does the BNB/ETH Pair Influence Price Predictions?

    The BNB/ETH ratio is a key indicator of BNB’s market strength. Historically, major highs in this pair coincide with Bitcoin local tops or bottoms. Currently, the pair sits at 0.25, suggesting that BNB is undervalued relative to Ethereum. Wedson’s analysis points to a conservative $1,000 target, with potential for even higher gains as market dynamics evolve.

    BNB/ETH Pair

    Source: Joao Wedson on X

    Can BNB Reach $2,000 in 2025 Based on Market Indicators?

    Predicting exact price targets is challenging, but current data suggests strong upside potential. The weekly BNB chart reveals key support zones between $700 and $850, with fair value gaps that could be filled by price retracements. The Relative Strength Index (RSI) at 72 indicates robust bullish momentum, while On-Balance Volume (OBV) signals moderate buying pressure.

    BNB 1-week Chart

    Source: BNB/USDT on TradingView

    Fibonacci retracement levels suggest upcoming price targets at $886, $1,037, and $1,187. These milestones align with historical resistance and support zones, reinforcing the likelihood of sustained upward movement.

    What Does the Altcoin Market Capitalization Indicate for BNB’s Future?

    The altcoin market cap recently surpassed $1.54 trillion, breaking the 2025 resistance level of $1.24 trillion. Historically, once the altcoin market cap exceeds previous highs, it has surged by over 200%. If this trend continues, the market cap could reach $5.1 trillion, which would support a BNB price of $2,000 or more.

    Altcoin Market Capitalization

    Source: TOTAL2 on TradingView

    This optimistic outlook is tempered by market volatility, but the data supports a strong bullish case for BNB in the medium term.

    Price TargetValueTimeframe
    Conservative Target$1,000Next Month
    Fibonacci Extension$1,187Coming Weeks
    Optimistic Target$2,0002025

    Frequently Asked Questions

    What factors contribute to BNB’s price increase?

    BNB’s price rise is fueled by increased usage on the Binance platform, strong altcoin market growth, and positive technical indicators like RSI and Fibonacci levels.

    How likely is BNB to hit $2,000 in the near future?

    While $2,000 is an optimistic target, historical market cycles and current altcoin market capitalization suggest it is achievable by 2025 if bullish trends continue.

    Key Takeaways

    • BNB’s recent 35% rally highlights strong market momentum and investor interest.
    • Technical indicators suggest further upside with targets at $1,000 and beyond.
    • Altcoin market cap growth supports a bullish outlook, making a $2,000 BNB plausible in 2025.

    Conclusion

    Binance Coin’s price trajectory is supported by solid technical and market fundamentals, with expert analysis indicating a conservative $1,000 target and potential for $2,000 in 2025. Investors should monitor market conditions closely as BNB continues to demonstrate strong bullish momentum within the evolving crypto landscape.

    Binance Coin [BNB] reached a new all-time high of $850 on the 28th of July. Over the past five weeks, the Binance exchange token has rallied 35%.

    Even though Bitcoin [BTC] saw its momentum stalled over the past ten days, BNB continued to drive higher.

    BNB/ETH Pair

    Source: Joao Wedson on X

    In a post on X, CryptoQuant analyst and founder of Alphractal Joao Wedson noted that a $1,000 BNB target might be conservative for the coming month.

    He noted that historically, whenever the BNB/ETH pair makes a major high, Bitcoin [BTC] is at a local top or bottom. Right now, the BNB/ETH is only at 0.25.

    If a $1,000 target is conservative, how high can we expect BNB coin to go in the coming days and months?

    Can BNB reach $2,000 in 2025?

    It is notoriously difficult to predict what prices assets can reach, and when.

    The normalized risk return on Joao Wedson’s post on X shows that even though BNB closed in on $1k, the risk metric was relatively low compared to the 2021 peak levels. The market was not yet in a euphoric state.

    BNB 1-week Chart

    Source: BNB/USDT on TradingView

    The weekly chart showed that the area from $700 to $850 had sizeable fair value gaps left behind. These could be potentially filled by a price retracement, but are not guaranteed to be.

    The $765-$840 in particular lined up with the highs from December, making it a strong demand zone.

    The OBV has not made a new high, even though the price has. This was a slight warning sign for investors, showing a lack of consistent, intense buying pressure in recent months.

    The RSI was at 72, highlighting firm bullish momentum.

    The Fibonacci retracement and extension levels showed that the next price targets were $886, $1,037, and $1,187.

    Altcoin Market Capitalization

    Source: TOTAL2 on TradingView

    During the previous bull run, after the altcoin market cap climbed above the January 2018 high, it pushed higher by 260%.

    Right now, the altcoin market cap is at $1.54 trillion, having breached the 2025 resistance at $1.24 trillion.

    When it climbs above the $1.71 trillion high, and history repeats with another 200% run, the altcoin mcap could reach $5.1 trillion.

    This might be an extremely optimistic estimate, but crypto cycles have a habit of going crazy. In such a scenario, a $2,000 BNB does not sound outlandish.

    Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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    Source: https://en.coinotag.com/bnb-could-potentially-reach-1187-amid-bullish-momentum-and-market-trends/