3 Reasons || Why Traders Put An $800 Target on BNB Price || BNB

3 reasons why traders put an $800 target on BNB price. BNB price continues to show strength, leading traders to place an $800 price target on the Binance exchange token.

BNB tickers down $593 price is trading below $600 after a two-day rally saw it increase its value by 5.5% to reach a high of $605 on May 9.

Even with today’s pullback, data suggests that BNB price remains bullish on the longer timeframe. The layer 1 token has soared 83% over the last 30 days and 91% in 2024 alone to reach a multi-year $645 on March 16. This rally brought BNB within a 7% reach of its all-time high of $690 reached on May 10, 2021.

Since then, BNB has been consolidating within a wide range, stretching from $500 to $620, leaving many traders wondering when the token will break out toward its all-time highs.

Let’s look at the factors that could potentially send BNB higher.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

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