BNB Price Prediction: 2024, 2025, 2030

BNB price prediction: Key highlights

1. Primary support and resistance levels

• In the weekly chart analysis, BNB's lowest support level was $209, while its highest resistance was $675.

2. Market sentiment

• The BNB market is losing its bullish momentum in August 2024.

3. Predictive forecasts

• Forecasts from our AI/ML predictive algorithms project BNB’s average price to be over $20,000 in 2028, further soaring to over $1 million in 2034.

Stay updated on BNB’s price 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: Bulls gear up to reassert dominance

BNB's weekly chart reveals a complex pattern of price movements. While the BNB price prediction for 2024 appears optimistic, its sustainability needs further analysis. Initially, the bulls struggled to sustain in the market. The bearish dominance pushed the price to its lowest floor at $209 in late August. 

This level halted further declines and set the stage for a subsequent rally in mid-October. The renewed uptrend faced considerable pushback at $320. Repeated attempts to reclaim this level, lasting over a month, succeeded by mid-February. Even with the overbought market, the asset surpassed most expectations, exceeding the psychological $500 mark by March. 

Subsequently, BNB reached $607. This level was tested repeatedly from mid-March, marking a consolidation phase. Even as the broader market crashed in April, BNB did not shed much of its gains, maintaining a relatively stable momentum between this level and $565. 

The tides shifted in bullish favor as a June breakout propelled the coin over the upper limit of the range. BNB witnessed a remarkable week as it continued to make new highs. AMBCrypto revealed that the coin peaked at an all-time high (ATH) of over $720 on June 6, making $675 the peak resistance in the higher time frame.
 

Nonetheless, sell-offs ensued shortly, reflecting the market’s efforts to maintain equilibrium after an overbuying spree. The correction returned BNB to $565 by month’s end. This level was compromised in July, with the price plunging to $488. AMBCrypto noted that a substantial drop in on-chain activity also affected this decline. Furthermore, the network's Unique Active Wallets (UAWs) fell by over 9% in the first week.
 

Amidst this downturn, a whale knocked BNB further by dumping 200,000 tokens. Nonetheless, Binance's plans to expand its loanable assets offered through Binance Loans (Flexible Rate) and VIP Loan services catalyzed a surge in price. Consequently, it moved slightly over $565 in mid-month.

However, it retraced its steps by the end of July. In early August, AMBCrypto highlighted that the asset was severely affected by the broader market downturn. Substantial outflows amplified the price downtick. At press time, BNB exchanged hands at $526. 

AMBCrypto’s analysis noted that the asset might see a bullish resurgence in the shorter time frame. The study identified a significant liquidation pool around $522. As prices approach this level, short squeezes may rapidly drive it towards the $555 target. Another report corroborated this outlook, indicating a continued price increase.

The asset is now set for a volatile time ahead. If the momentum holds and the broader market remains favorable, the bulls will likely push past the closest resistance. A move over $607 would pave the way for a retest of the highest resistance to reclaim the critical $700 mark.
 

However, if the declines persist, it would adversely affect the future trajectory. Increasing selling pressure would precipitate a potential movement toward the $500-$488 region.
 

Our predictive models are rather optimistic about BNB's prospects. Looking ahead to 2028, the models anticipate the asset to average $20,000. Continuing its upward trajectory, BNB is expected to trade at an average price of over $1 million in 2034.

BNB's 2024 roadmap: Key indicators to watch and trade

• BNB's trading volume recovered in October, validating the price rally. It receded again from late March. Even as the coin attained its ATH, the volume remained unaffected. This indicated cautious investor participation.
• An in-depth look at the Directional Movement Index (DMI) revealed that the -DI line started as the highest, with the +DI line at the bottom. These positions were reversed in late October. Moreover, the ADX line also moved above the -DI in late November. 
• Between late January and mid-February, the ADX rose above the +DI, a trend that recurred in mid-March. From June, the lines descended while -DI rose and overtook the +DI in August. At the time of writing, the indicator values were ADX at 35.5754, +DI at 20.7769, and -DI at 28.0193. This highlighted an increase in bearish strength.
• After acting as price barriers, 20 and 50 Exponential Moving Averages (EMAs) were flipped in late 2023, with the former turning into support in November and the latter in late December.
• Following this, a golden cross was formed in late January. However, the candles briefly dipped below the 20 EMA in early July before asserting dominance again mid-month. This pattern was repeated in August, reflecting an uptick in selling pressure.