The target price for #bnb BNB is $2,000, with strong long-term breakout momentum, breaking through $868.

As market participation increases, the BNB price is expected to break through $2,000 after surpassing the multi-year resistance level between $670 and $690. The Fibonacci projection is at the 1.618 and 2.618 levels, targeting the range of $1,879 to $2,000. Support at $560-$580 is crucial for maintaining long-term pressure.

After breaking through the long-term resistance level, the trading price approaches $868, and Fibonacci targets suggest a potential rise to $2,000. Increasing liquidity and a strong breakout structure make this asset a focus for traders.

Breakthrough after years of consolidation

The Binance Coin chart indicates that it will experience years of consolidation between 2021 and 2023, with resistance around $670-$690. Previously, Binance Coin broke through in 2020 and set a historical high of about $690 in 2021.

Between 2018 and 2020, we began to view BNB as having touched a cyclical low at significant Fibonacci retracement levels (0.786 and 0.618 areas). These areas had stable buying power, forming the backdrop for a significant rebound.

Sustained break through the 2021-2023 range indicates the beginning of a growth phase. This cautious trend suggests a short-term target of $1,121, with potential for further breakthroughs to higher targets in the future.

Technical targets and momentum structure

Crypto Patel shared the chart and stated, "The BNB price is $868... my goal is to reach $2,000 next." His analysis emphasizes the growing momentum and liquidity.

Fibonacci extension levels support this prediction, with 1.618 near $1,879 and 2.618 near $2,000. These target levels are common during a sustained bull market phase.

Volume trends in lower time frames confirm that participation is increasing as the price moves away from the breakout area. Maintaining this growth will be key to reaching higher levels.

Key levels to sustain or reverse

As of the time of this writing, the price of BNB is $846.19, with a daily decline of 0.58% and a weekly increase of 7.59%. Despite a slight drop, the structure remains intact.