BNB, Targeting $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), an ultra-bullish forecast suggests it could rise to $12,000 on long-term charts. The analyst believes that based on multi-year breakout structures and the expansion of institutional finance on the BNB Chain, 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 target price 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 arguments from technical and fundamental aspects.

The core of Patel's forecast is the 3-week candlestick chart. This chart shows the entire price structure of BNB from its 2018 low of approximately $1.41 to its 2021 high of over $662, 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 suggests a rebound from this Fibonacci zone, followed by BNB setting a new all-time high. The proposed upward targets are $2,112 for the first target, $5,000 for the second, and $12,000 for the third.

NewsBTC reported that BNB was trading at $626.5 at the time of writing. To reach $12,000 from the current level, an 1,895% increase is required. Patel's forecast is closer to an ultra-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 qualified investors with access to tokenized U.S. dollar income products. The same page also includes Franklin Templeton's on-chain U.S. 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 U.S., 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 ultra-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.

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