Will BNB Hit $2,000? Expert Analysis of Recent Price Movement

Binance Coin (BNB) has seen significant price volatility in recent days, plummeting more than 20% this week to around $1,106. While many wonder if BNB can recover and reach its previous highs of $2,000, a crypto analyst on X, Crypto Patel, offers insights into the token’s current trajectory. His chart analysis shows that BNB has been steadily climbing since mid-summer, encountering resistance near $1,300 before experiencing a pullback. This retracement found support along its rising trendline, which has guided BNB’s entire rally.