Will Binance Coin reach $1,000?
As the bullish trend progresses, the BNB price chart shows a sharp rise in 2024, with a year-to-date gain of 62%. However, the bull run of the CEX token has encountered resistance at the $620 level in the past few weeks.
As buyers maintain dominance above the psychological mark of $500, the supply above caused the BNB price to trend sideways with support from the consolidation range at $537. However, the recent market crash caused the BNB price to fall to the $480 mark and as low as $455.
If you can't find the direction in the cryptocurrency circle and don't know what coin to buy, you can find me on Zu Ye Brief and share more information and strategies related to the cryptocurrency circle for free.
If the price drops and forms a morning star, the bullish reversal may cause the price to jump to $721 and may reach $800 in July. On the other hand, a break below $537 will test the $500 mark.
