$BNB Binance Coin (BNB) is currently trading at $793.50, with a 4.19% increase. After breaking its previous all-time high of $690 and reaching $804, BNB has entered a price discovery phase. Technical indicators suggest potential targets :
- *Short-term target*: $950, based on 1.0 Fibonacci extension
- *Psychological resistance*: $1,000, which could trigger profit booking
- *Bull flag breakout target*: $1,080, indicating rally continuation
- *Long-term target*: $1,200, based on 1.618 Fibonacci extension
However, it's essential to note that :
- *Support level*: BNB needs to hold $560 to avoid a drop toward $500 or lower
- *Resistance level*: A breakout above $732 could push Binance Coin toward $793
Market sentiment and developments also play a crucial role :
- *Investor sentiment*: Mixed, with Binance's ecosystem developments being positive, but macroeconomic uncertainty acting as a limiting factor
- *BNB ecosystem*: Ongoing improvements, such as the introduction of a voting system for token listings and de-listings, have been well-received
Predictions for BNB's future price vary :
- *Short-term prediction*: $962 by July 2026, according to CoinCodex
- *Long-term prediction*: $1,888.73 by December 2030, according to CoinCodex