BNB Price Prediction: Analyst Targets $5,000 as Elliott Wave Signals Breakout

Andrew Chen
Binance (BNB)

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  • BNB remains within a multi-year ascending channel since 2018.
  • Elliott Wave analysis points to a potential $5,000 fifth wave.
  • Sustaining support above $1,000 is key for the next major breakout.

Binance Coin (BNB) is once again in the spotlight as market analyst CryptoPatel projects a long-term path toward $5,000, supported by an expanding Elliott Wave structure. His recent analysis on X highlights how BNB has stayed within a steady ascending channel since 2018, with each correction giving way to larger rallies.

According to the chart, BNB is now resting near its fourth wave support zone, suggesting the market could soon enter a powerful fifth wave — the phase that historically delivers the strongest upside moves.

Key Support Zones and Targets Ahead

The analysis outlines critical support near $1,000, with short-term targets around $1,894 before aiming for the $4,075 zone. The broader setup aligns with BNB’s previous bull cycles, which delivered gains of 700%+ during 2020–2021.

CryptoPatel’s post emphasizes patience: “If you survive the dips and HODL tight, history favors the patient.” This reflects the recurring pattern where long-term holders benefit most once accumulation zones resolve into breakouts.

Elliott Wave Setup Signals Expanding Momentum

BNB’s chart shows five distinct upward cycles, each representing accumulation followed by expansion. The current wave (4) phase appears close to completion, hinting that a wave (5) push could extend into 2026, with the $5,000 target marking the upper boundary of the trend channel.

If market momentum holds and Bitcoin’s post-halving environment remains favorable, BNB could see renewed capital inflows as traders seek exposure to strong Layer-1 assets.

Investor Sentiment Remains Cautiously Bullish

While some traders call the $5,000 target ambitious, BNB’s ability to hold above long-term support continues to strengthen investor confidence. Volume data shows steady accumulation near the $1,000 range, reflecting optimism that the next leg higher may already be forming.

Also Read: Binance Coin (BNB) Breaks $1,000: Could $3,000 Be Next?

If BNB breaks decisively above $1,900, analysts say it could confirm the next impulsive wave and set the tone for a multi-year uptrend — potentially validating CryptoPatel’s bold forecast.

BNB’s chart suggests that patience could again be rewarded. With strong historical support, an intact bullish structure, and renewed investor confidence, the road to $5,000 remains a possibility — especially if the next breakout confirms the continuation of its long-term Elliott Wave cycle.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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