BNB, Aiming for a $12,000 Rally... Will it Explode Before Ethereum?

▲ BNB/AI Generated Image

While BNB continues a quiet trend, overshadowed by Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), a super bullish forecast has emerged, suggesting it could rise to $12,000 on long-term charts. The analyst cited a multi-year breakout structure and the expansion of institutional finance on the BNB Chain as reasons why BNB could be one of the biggest trading opportunities this cycle.

NewsBTC reported on May 5 that cryptocurrency analyst Crypto Patel set a long-term price target for BNB at up to $12,000. Patel analyzed that while the crypto market's attention is focused on the competition between Ethereum and Solana, BNB is building multiple layers of bullish logic from both technical and fundamental perspectives.

The core of Patel's forecast is the 3-week candlestick chart. This chart shows BNB's entire price structure from its low of approximately $1.41 in 2018 to its high of over $662 in 2021, and its current trend thereafter. Patel noted that BNB is currently trading just above a wide support zone between approximately $300 and $600, marking this zone as the optimal accumulation area.

The chart also includes Fibonacci retracement lines near $657 and $417 within the support zone. Patel's scenario involves a rebound from this Fibonacci range, followed by BNB setting a new all-time high. The proposed upside targets are $2,112 (1st), $5,000 (2nd), and $12,000 (3rd).

NewsBTC reported that as of the time of writing, BNB was trading at $626.5. To reach $12,000 from the current level, an 1,895% increase is needed. Patel's forecast is closer to a super bullish scenario focused on long-term structural changes rather than a simple short-term rebound.

The expansion of institutional finance on the BNB Chain was also presented as a key basis for the bullish outlook. Patel mentioned that tokenized financial products such as BlackRock's BUIDL, Franklin Templeton's BENJI, and VanEck's VBILL are built on the BNB Chain.

According to the BNB Chain institutional finance page, BlackRock's BUIDL has been operating on the BNB Chain since 2025 via Securitize, providing eligible investors with access to tokenized US dollar income products. The same page also includes Franklin Templeton's on-chain US government money market fund, BENJI, as part of the BNB Chain's tokenized finance ecosystem.

In addition, Patel cited the launch of the first 2x leveraged BNB ETF approved in the US, over 30 listed companies building BNB financial strategies, over 31 million daily transactions, 40% of global stablecoin trading volume, and pending BNB spot ETF applications including those from VanEck and Grayscale, as fundamental factors supporting the super bullish price target. BNB is developing a separate bullish narrative by absorbing institutional finance and tokenized asset infrastructure outside the competitive landscape of major cryptocurrencies.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*