Here’s Why The BNB Price Could Rally To $12,000 Before Ethereum

The BNB price is sitting below the spotlight that has surrounded Bitcoin, Ethereum, and Solana in recent months, but a new technical outlook suggests that this quiet phase may be exactly where the larger setup is forming. 

Crypto analyst Crypto Patel has predicted that BNB could be one of the biggest trades of the cycle, with a long-term chart target reaching as high as $12,000.

BNB Is Repeating A Multi-Year Breakout Structure

Most of the industry’s attention has been locked in the constant competition between Ethereum and Solana, but BNB has been quietly assembling a multi-layered technical and fundamental case that crypto analyst Crypto Patel believes points to a price target of $12,000. 

The $12,000 projection is bold, especially with BNB trading around $626. However, the Fibonacci structure on Crypto Patel’s BNB chart tells a longer story that supports this projection, alongside a few fundamental factors that are live on the BNB chain.

The 3-week candlestick chart maps BNB’s full price history from its 2018 lows around $1.41, through the 2021 blow-off top above $662, and into the current price action. According to this setup, BNB is currently moving just above a broad support zone between roughly $300 and $600, with the analyst labeling the area as the best accumulation zone.

Source: Chart from Crypto Patel on X

The setup also includes Fibonacci retracement levels around $657 and $417 within the support zone. The outlook here is a bounce from any Fibonacci level that sends the BNB price to new all-time highs. The chart projects three upside targets from this base: Target 1 at $2,112, Target 2 at $5,000, and Target 3 at $12,000. 

At the time of writing, BNB is trading at $626.5. Therefore, a move to $12,000 from the current price would require an increase of 1,895%.