Binance’s BNB has not dipped as much as many other major altcoins. While several tokens have seen sharp pullbacks since mid May, Binance Coin still managed to form a new local high on May 28 and has only seen around a 6% dip since then.
Looking at the bigger picture, some analysts believe the Binance Coin price could be gearing up for a much larger move. The chart structure remains strong and new bullish catalysts are entering the scene. One popular crypto voice thinks this cycle could be huge for BNB.
BNB Price Targets Up to $2,000 This Cycle
Crypto analyst Crypto Patel has shared a bold but carefully calculated outlook for the Binance Coin price. He believes BNB has already broken out of a long-term consolidation pattern and could now be on track to hit a series of price targets between $1,200 and $2,000 in this bull run.
@CryptoPatel / X
As seen in the chart, Patel identifies a multi-year channel and notes that BNB has broken out of its resistance trendline. He marked his entry at the point of breakout and suggests the token is already in a bullish phase. The chart shows four bullish targets labeled TP1 through TP5, with the highest near $4,280 long-term. However, Patel highlights the $2,000 level as a realistic top for this current cycle, representing a 291% gain from his entry zone.
He adds that several fundamental factors support this move. The SEC recently dropped its case against Binance, removing a big source of regulatory uncertainty. At the same time, asset manager VanEck has filed for a spot BNB ETF, and the token is seeing increased visibility on US exchanges.
Why BNB Price Could Keep Rising
Patel’s argument is not just about chart patterns. He believes the fundamentals behind Binance Coin are stronger than ever. The Binance ecosystem continues to dominate crypto trading and blockchain infrastructure, and the utility of BNB remains high across fees, staking, and DeFi.
Read Also: Can Avalanche (AVAX) Token Price Reach $100 This Cycle?
He also praised Binance CEO Changpeng Zhao (CZ) for continuing to lead from the front and helping push real adoption across the globe. Patel calls this one of the most underrated narratives of the cycle and thinks BNB may surprise many investors who are focused only on more hyped tokens.
While he notes that the $5,000 long-term target is possible if adoption grows rapidly, his focus for this bull run remains around the $2,000 zone. That would still make BNB one of the best-performing large cap assets in this cycle.
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