$BNB
A list of altcoins with the potential to hit new highs would be incomplete without BNB. Market participants believe that this development marks the return of the bull run, mainly influenced by the early release of former Binance CEO Changpeng Zhao.
As a result, the price of BNB could rise sharply. Currently, the price of the altcoin is trading at $602.20. According to the daily chart, the coin managed to recapture this area after breaking above the descending trendline on September 8.
However, despite the rise in Chaikin Money Flow (CMF), BNB remains overbought. The chart below shows that the CMF reading has reached 0.20, which further confirms this.
As a result, the price of BNB could see a short-lived decline. However, by the end of October, the altcoin is expected to break through $700 and even hit a new high near $725.
However, traders need to remain vigilant. This prediction could be challenged if there is a lack of buying pressure in the next month. In this case, BNB could drop to $564.
