Crypto analyst Crypto Patel has predicted that the BNB price could break $3,000, which would set a new all-time high (ATH) for the Binance-linked coin. The analyst shared a game plan for how exactly this move is expected to play out in 2028.
How the BNB price increase to $3,000 could play out
In one X messageCrypto Patel said the BNB price could fall to $400 before reaching $3,000. The analyst noted that the altcoin has recovered perfectly from the almost 0.5 Fib Retracement level and now climbed by 21%. On what’s next for BNB, he said that if the price remains above the 0.5 Fib level, a new ATH setup would be in play.
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However, if the BNB price falls below $526, it could lead to a drop into the second accumulation zone (the first is $600) between $450 and $380, a range that Crypto Patel described as the best discount zone. The analyst said his personal target for BNB is $3,000, which he believes could be achieved during the period the altcoin season. However, he reiterated that he wouldn’t be surprised if there is a $400 retest before the massive run to $3,000.
The BNB price, along with the broader crypto market, is currently facing downward pressure due to the War between the US and Iranwhich is entering its fourth week. Crypto prices collapsed yesterday as oil prices rose to new highs after Iran and Israel attacked key energy locations in the Middle East. The escalating tensions raise concerns that the war could drive up inflation, which is bearish for the BNB price and the broader crypto market.
Analyst says BNB is seeing a notable structural shift
In one X messagecrypto analyst CryptoPulse noted that the BNB price is showing a notable structural shift. This came as he revealed that the price tried to make a breakout to the upside but failed after intraday trading an ascending channel. The analyst added that BNB has now broken below the lower limit of this rising channel. CryptoPulse warned that if this level turns into resistance, further downward pressure could follow.
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Crypto analyst said Batman that a rally is still on the table for the BNB price. He noted that the altcoin has held up relatively well and its price has yet to make any significant move. The analyst also revealed that the token remained above a key confluence, a bullish FVG, and the 0.618 Fibonacci level. As long as the price remains above $610, Batman said BNB could still rise.
At the time of writing, the BNB price is trading around $642, down in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com