Binance Coin (BNB) has been making headlines in recent days as it continues to hold strong above the $700 mark. With a current price of $706.55, BNB has seen a 1.4% increase in the past 24 hours. The coin is also up by a remarkable 19.2% gain over the last seven days. This strong performance has led many investors and analysts to speculate whether BNB could potentially reach a new all-time high (ATH) in June.
Recent Price Action and All-Time High
BNB’s recent price action has been particularly noteworthy. The coin was trading within a range of $590.91 to $716.62 over the past seven days.
This surge in price has brought BNB closer to its all-time high of $717.48. This was achieved on June 06, 2024, just about 15 hours ago. Also, with the current momentum and market sentiment, many believe that BNB could potentially break through this resistance level and establish a new ATH in the coming weeks.
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BNB Price Predictions for 2024
Looking ahead, crypto experts have made various price predictions for BNB in 2024. According to Changelly’s technical analysis, the minimum cost of BNB in 2024 is expected to be $369.51. The maximum price is expected to be $604, with an average trading price of $838.49.
Focusing on the near term, the BNB price forecast for June 2024 indicates an average rate of $765.30, with a minimum price of $706.53 and a maximum price of $824.07.
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As Binance Coin continues to hold strong above $700 and showcase impressive weekly gains, investors and traders are closely monitoring the cryptocurrency’s performance. With the current momentum and positive market sentiment, many believe that BNB could potentially reach a new all-time high in June.