BNB price prediction, BNB’s price has dumped by -0.99% in the last 24 hours.
BNB, BNB could hit $1644.10 in 2024.
BNB’s price prediction for the most bearish scenario will value BNB at $540.46 in 2024.
BNB’s previous All Time High was on 6 June 2024 where BNB was priced at $717.48.
BNB’s price at the same time last week was $593.71. It has moved by 12.01 % in the past week and is currently at $675.57. Infact, in the past 24 hours, BNB has dumped by -0.99 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BNB could hit $3296.91 in 2025.
The total circulating supply of BNB as of writing this article was $153,856,150 and the marketcap of BNB remains at $103,994,310,373
BNB price prediction: Key highlights
1. Primary support and resistance levels
In the analysis of the weekly chart, the lowest support level for BNB was $209, while $700 can likely prove to be the highest point of resistance.
2. Market sentiment
The BNB market has been signaling overextended conditions in May 2024.
3. Predictive forecasts
Based on our AI/ML predictive models, the forecasted average price for the year 2028 is projected to be over $1,000, further soaring to over $5,000 in 2035.
Stay updated on BNB’s future trajectory via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:
BNB technical analysis: Investors watch out for future direction
BNB's weekly chart revealed a nuanced trajectory of price movements. The Binance Coin price prediction for 2024 presents a bullish outlook. However, its sustainability requires investigation.
At the outset, the price embarked on a downtrend. Consequently, the support level at $305 was compromised in June. This resulted in a significant drop to the $234 support level.
BNB bulls struggled to defend this support until mid-August. Nevertheless, an increase in selling pressure propelled the price to its lowest support level, at $209. The level acted as a floor against further declines, setting the stage for a subsequent rally in mid-October.
By November, the price had reclaimed $234 as support. After a temporary breach of this support towards the end of the month, the price resumed its northbound trajectory by mid-December.
In a turnaround, the latter half of December saw BNB's price ascend above $305. The momentum gained more strength in February as the price sustained a strong uptrend. Despite the overbought market, the asset surpassed most expectations, flying past the psychological $500 mark by March. Thus, a new high resistance was established at $607.
This level has been tested repeatedly since mid-March, marking a phase of consolidation. Even as the broader market crashed in April, BNB did not shed much of its gains, maintaining a relatively stable momentum between the high resistance and the support at $530. At press time, BNB exchanged hands at $568.
AMBCrypto pointed out that the liquidation heatmap from the previous month showed the $615-$625 range as a significant area for price action. Therefore, there's a possibility that BNB could reach this zone and then decline further.
Additionally, attention should be given to the smaller liquidity areas at $570 and $535 to the south. These could be critical points where BNB might decrease before experiencing a bullish reversal.
Given a sustained bull run, BNB can likely target the price level at $700 in the long term. This entails that the price can reclaim its all-time high (ATH). Yet, there’s also a possibility that the price can face retraction at this level.
On the other hand, recent reports suggested that the situation might deteriorate as the altcoin's popularity declined. According to AMBCrypto, there has been a significant drop in Social Volume over the past few days. Additionally, the overall Weighted Sentiment has also decreased, indicating a substantial rise in negative comments about BNB recently.
These elements could adversely affect BNB's price movements. It could trigger a fall below the current support. An increase in selling pressure would precipitate a potential movement toward the $460-$475 region.
Our predictive models are rather optimistic about BNB's prospects. Looking ahead to 2028, the models anticipate the asset to average around $1,000. Continuing its upward trajectory, BNB is expected to trade at an average price of over $5,000 in 2035.
BNB's 2024 roadmap: Key indicators to watch and trade
The trading volume for BNB remained lackluster in May. Following a significant price drop in June, a brief recovery in volume was observed. However, this was reversed as the price landed on its lowest support.
As the price began to recover from October, this was mirrored in the volume. It dropped slightly towards the end of January, but this was reversed the next month as the volume amplified. The recent pullback was again followed by a downtick in volume. This suggested cautious investor participation.
The Chaikin Money Flow (CMF) began with a downtrend, crossing below the zero line by the end of July. It turned positive again in late October. Thereafter, it fluctuated above and below this neutral threshold until January.
Since then, it has been consistently rising, registering at 0.31 at the time of writing. This highlighted significant buying pressure and inflow of money into the asset.
In the Directional Movement Index (DMI), the +DI line fell below the -DI line in June. By mid-month, the ADX line also surpassed the +DI line, with the -DI remaining dominant until late October.
Subsequently, the +DI line regained its position above the -DI line, and the ADX also moved above the latter in November. Between late January and mid-February, the ADX rose above the +DI, a trend that recurred in mid-March. Notably, the +DI started to descend in late March while the -DI increased.
At the time of writing, the indicator stood as follows: ADX at 52.1808, +DI at 30.3253, and -DI at 13.3479. This could be an early warning of a potential incoming correction.
BNB Price Prediction
BNB has had an eventful 2023. To simplify the latest BNB price prediction, we have divided up the prediction by short term BNB price prediction and long term BNB price prediction. As of writing this article, BNB had a trading volume of 997,829,593. BNB has gone up by 13.77% in the past 30 days.
According to our analysis in the short term, BNB price prediction for August 2024 shows the average price of BNB at 1083.89 and the highest possible price for August 2024 would be $1159.77.
Further, according to our analysis in the long term, BNB price prediction for December 2024 shows the average price of BNB at 1312.84 and the highest possible price for December 2024 would be $1404.74.
BNB price prediction 9 June 2024: BNB's price for 9 June 2024 according to our analysis should range between $617.28 to $710.21 and the average price of BNB should be around $663.74.
BNB price prediction 10 June 2024: BNB's price for 10 June 2024 according to our analysis should range between $642.77 to $739.53 and the average price of BNB should be around $691.15.
BNB price prediction 11 June 2024: BNB's price for 11 June 2024 according to our analysis should range between $643.29 to $740.13 and the average price of BNB should be around $691.71.
BNB price prediction 12 June 2024: BNB's price for 12 June 2024 according to our analysis should range between $638.31 to $734.40 and the average price of BNB should be around $686.35.
BNB price prediction 17 June 2024: BNB's price for 17 June 2024 according to our analysis should range between $642.30 to $738.99 and the average price of BNB should be around $690.64.
BNB price prediction 22 June 2024: BNB's price for 22 June 2024 according to our analysis should range between $656.68 to $755.54 and the average price of BNB should be around $706.11.
BNB price prediction 2 July 2024: BNB's price for 2 July 2024 according to our analysis should range between $705.88 to $812.14 and the average price of BNB should be around $759.01.
BNB price prediction August 2024: BNB's price for August 2024 according to our analysis should range between $1008.02 to $1159.77 and the average price of BNB should be around $1083.89.
BNB price prediction September 2024: BNB's price for September 2024 according to our analysis should range between $1061.25 to $1221.01 and the average price of BNB should be around $1141.13.
BNB price prediction October 2024: BNB's price for October 2024 according to our analysis should range between $1114.48 to $1282.25 and the average price of BNB should be around $1198.37.
BNB price prediction November 2024: BNB's price for November 2024 according to our analysis should range between $1167.71 to $1343.50 and the average price of BNB should be around $1255.61.
BNB price prediction December 2024: BNB's price for December 2024 according to our analysis should range between $1220.94 to $1404.74 and the average price of BNB should be around $1312.84.
BNB's Long Term Price Prediction
BNB’s long term Price Prediction below is a look at BNB’s future prospect with regards to price. BNB was last seen at $675.57, with a market cap of $103,994,310,373 and trading volumes of $997,829,593. BNB’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
BNB price prediction 2024: BNB's price for 2024 according to our analysis should range between $1096.06 to $1644.10 and the average price of BNB should be around $1370.08.
BNB price prediction 2025: BNB's price for 2025 according to our analysis should range between $2197.94 to $3296.91 and the average price of BNB should be around $2747.42.
BNB price prediction 2026: BNB's price for 2026 according to our analysis should range between $4407.53 to $6611.29 and the average price of BNB should be around $5509.41.
BNB price prediction 2027: BNB's price for 2027 according to our analysis should range between $8838.41 to $13257.62 and the average price of BNB should be around $11048.02.
BNB price prediction 2028: BNB's price for 2028 according to our analysis should range between $17723.67 to $26585.51 and the average price of BNB should be around $22154.59.
BNB price prediction 2029: BNB's price for 2029 according to our analysis should range between $35541.28 to $53311.93 and the average price of BNB should be around $44426.61.
BNB price prediction 2030: BNB's price for 2030 according to our analysis should range between $71270.94 to $106906.41 and the average price of BNB should be around $89088.67.
BNB price prediction 2031: BNB's price for 2031 according to our analysis should range between $142919.62 to $214379.43 and the average price of BNB should be around $178649.52.
BNB price prediction 2032: BNB's price for 2032 according to our analysis should range between $286596.72 to $429895.08 and the average price of BNB should be around $358245.90.
BNB price prediction 2033: BNB's price for 2033 according to our analysis should range between $574712.42 to $862068.63 and the average price of BNB should be around $718390.52.
BNB price prediction 2035: BNB's price for 2035 according to our analysis should range between $2311049.86 to $3466574.79 and the average price of BNB should be around $2888812.33.