Binance Coin ($BNB ) has been trending for a while especially it has managed to remain strong above $700 mark. In the previous seven days, this cryptocurrency has recorded quite impressive gains of 19.2% gain. These good returns have raised eyebrows among investors and analysts as to whether BNB will reflect a new all-time high (ATH) in June.
The most significant BNB movements occurred in the past months. Within the last one week, the coin has been fluctuating and ranging from $590.91 to $716.62. This upward move has taken BNB to within striking distance of its record high of $717. 48, which it reached June 06, 2024. Since the short-term bullish trend remains intact, many are optimistic BNB could reclaim this area and set a new all-time high in the ensuing weeks.
There are different opinions among crypto gurus regarding BNB price forecast in 2024. Changelly has provided the following insights on the potential minimum cost of BNB expected in 2024 based on technical analysis $369.51. The maximum price is predicted to be $838.49 , while the average trading price will be $604. These projections show a variety of possible outcomes for BNB during the course of the year.
As for the short term, the expected price for BNB in June 2024 remains $765.30 on average. This means that the minimum price should be around $706.53, while it could reach the maximum price of $824. 07. These numbers reflect the high possibility of BNB to maintain or even start a new high and never look back in the near future.
In conclusion, the recent increase in the price of BNB allows the cryptocurrency community to view it as an asset with huge potential for growth to new heights. Thus, given its strong upward movement and high market demand, the BNB coin now looks set for further increases in the coming weeks and months.
