CryptoQuant Sees BNB Soaring to $1,360 During Altcoin Season
CryptoQuant, a leading cryptocurrency analysis firm, forecasts a major uptrend for Binance Coin (BNB) after it broke its all-time high of $793. Using its Realized Price metric—a weighted average reflecting daily transaction fees and circulating supply on the BSC network—CryptoQuant calculates the current realized price at around $680. The firm’s BNB price prediction sets an upper band target of $1,360, suggesting a potential rally of about 70% during the upcoming altcoin season. Historically, the $1,360 level has served as a saturation point and key resistance for BNB. Traders should view this forecast as a bullish indicator but proceed with caution, as market conditions can change rapidly. CryptoQuant’s BNB price prediction aligns with historical altcoin market cycles, indicating strong market momentum. This analysis is informational only and not investment advice.
Bullish
CryptoQuant’s projection of a 70% rally to $1,360 for BNB signals strong market confidence. Historically, when BNB surpassed its realized price target during previous altcoin seasons, it triggered extended bullish runs, attracting significant inflows and driving trading volumes higher. This forecast could prompt traders to accumulate BNB ahead of the anticipated surge, reinforcing upward momentum in the short term. In the long term, breaking through the $1,360 resistance would validate the bullish thesis, potentially leading to a new price floor. However, traders should monitor on-chain metrics and market sentiment, as profit-taking at saturation points could introduce temporary pullbacks.