Binance Coin (BNB) has generated excitement by defying the bearish market trend and hitting new all-time highs (ATHs). Recently, BNB’s price surpassed $720 on June 6, setting a new record. However, it has since faced sell-offs, dropping to its key support level of $600. Despite this dip, analysts remain optimistic about BNB’s potential growth.
Crypto analyst Bluntz predicts that BNB could reach higher levels in the next bull market wave. According to the Elliott Wave theory, he believes BNB’s price will rise to $1,200, about a 100% increase from its current price.
