Growth potential up to $1,200
Crypto analyst Ali noted on X that the price structure of Binance Coin resembles the dynamics of Bitcoin. Based on this, Ali believes that BNB could enter an early phase of a rally towards the $1,200 mark.
Although the forecast for BNB looks optimistic, BeInCrypto noted that after reaching a new all-time high, some holders began selling their BNB, which created selling pressure. Investors should be cautious with leveraged positions to avoid liquidation during strong BNB rallies.
