Analyst predicts BNB will reach 1,630 USD

According to cryptocurrency analyst Ali Martinez's forecast, BNB has the potential to reach 1,630 USD in the near future. Martinez emphasizes that it is crucial for BNB to have a weekly closing above 662 USD to establish a bullish momentum. From the current price level, an increase to 1,630 USD would represent a growth of approximately 166.8%.

Currently, BNB has decreased to 622 USD, after experiencing a price surge. Despite facing downward pressure, analysts remain optimistic about BNB's outlook, with various catalysts and technical patterns indicating a strong recovery could occur. Technical indicators suggest the potential to rise to 1,000 USD and even 1,500 USD if conditions are favorable.

BNB's price outlook also depends on the development of the Binance ecosystem and the overall movement of the cryptocurrency market, as well as investor confidence.