Binance Coin (BNB) just broke into new territory. The token surged past $800 for the first time, setting a fresh all-time high at around $804. This breakout has reignited attention around BNB, not just for what it’s achieved, but for what could come next. According to top analyst Crypto Patel, this is only the beginning of a much larger move that could send Binance Coin soaring to $2,000 and beyond in this cycle.
Crypto Patel has been tracking BNB since its early days, and he believes the fundamentals and chart structure still point to explosive potential. In his recent analysis, he points out that BNB was once trading at just $0.10. A $100 investment back then would now be worth more than $800,000. The new all-time high, in his view, is not the final stop. He sees this breakout as just another chapter in BNB’s long-term journey.
Looking at the monthly chart from Crypto Patel, it’s clear how resilient Binance Coin has been over the years. The token has faced multiple drawdowns of over 80%, but each time, the community remained committed, and the project bounced back stronger. The chart shows sharp declines followed by massive rallies, with the latest move mirroring past cycles.
In 2021, BNB moved from under $40 to over $800 in a massive parabolic run. This cycle could be following a similar path. Patel has mapped out three key target zones: $1,500, $2,000, and $3,000, with a long-term vision stretching as high as $5,000. These projections are based on past performance, historical extensions, and Binance Coin’s sustained relevance in the crypto ecosystem.
Crypto Patel attributes this resilience to strong fundamentals, consistent development, and the leadership of Binance founder CZ. He notes that BNB is more than just a speculative token. It powers the Binance Smart Chain, is used for gas fees, and benefits from one of the strongest ecosystems in crypto. This real-world use, combined with investor belief and community strength, gives BNB an edge that’s hard to ignore.
BNB Price Action Suggests More Upside From a Technical Perspective
Aside from the historical perspective, the current price action on the weekly chart also supports the idea of continued upside. The second chart shows a long consolidation phase that lasted from mid-2022 to early 2024. BNB was trapped between $200 and $350 for months, forming a wide accumulation zone. This sideways move gave way to a slow and steady breakout that followed a rising trendline.
That trendline has now held for over a year, providing consistent support and guiding BNB’s gradual climb. In recent weeks, the candles have grown stronger, and BNB has pushed decisively above its former resistance zone. The recent move to $798 is not just a spike, it’s part of a pattern of higher highs and higher lows that suggests bullish momentum is building.
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There’s also no immediate sign of exhaustion. Volume has picked up, and the structure remains healthy. As long as BNB continues to respect the trendline and build above previous resistance, the case for further gains remains strong.
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