.png?#)
BNB Price Prediction as Franklin Deal Strengthens Path to $1,500
The post BNB Price Prediction as Franklin Deal Strengthens Path to $1,500 appeared on BitcoinEthereumNews.com. BNB price recently surged to a new all-time high above $904, fueled by Binance’s strategic alliance with Franklin Templeton. This milestone comes as institutional adoption continues to grow, lifting Binance coin price into uncharted territory. The combination of strong technical patterns and deep-pocketed backing suggests a compelling trajectory ahead. BNB Price Eyes $1,500 as Cup-and-Handle Breakout Strengthens BNB price has been consolidating after the breakout from a cup-and-handle structure, with the current value sitting at $896. The Fibonacci extensions highlight $921 as the first immediate resistance, which, if cleared, opens the path to $1,118 and $1,316 in the coming weeks. Beyond these, a rally continuation could extend toward the $1,438 mark, with projections even stretching to the psychological barrier of $1,500. However, if buyers fail to defend the $798 zone, a deeper pullback toward $647 becomes likely, where stronger demand may re-emerge. Encouragingly, the Binance Coin price chart continues to print higher lows, reflecting underlying strength despite intermittent volatility. Sustained closes above $921 on the weekly timeframe would serve as a critical validation point for bulls, reinforcing the pathway toward higher Fibonacci targets. Moreover, the ascending trendline from mid-2023 has acted as a reliable support structure, and holding above it could further solidify the case for a long-term rally. Market behavior also suggests that institutional backing is fueling stronger hands, reducing the chances of sudden collapses at key support levels. Therefore, the long-term BNB price outlook remains favorable, with the $1,500 projection offering ambitious yet realistic potential as adoption widens. BNB/USDT 1-Day Chart (Source: TradingView) Franklin Templeton Alliance and Treasury Expansion Drive Growth The collaboration with Franklin Templeton has positioned BNB price as a key player in the convergence of traditional finance and blockchain. With Franklin Templeton managing $1.6 trillion in assets, the partnership brings unmatched credibility and institutional confidence. …
The post BNB Price Prediction as Franklin Deal Strengthens Path to $1,500 appeared on BitcoinEthereumNews.com.
BNB price recently surged to a new all-time high above $904, fueled by Binance’s strategic alliance with Franklin Templeton. This milestone comes as institutional adoption continues to grow, lifting Binance coin price into uncharted territory. The combination of strong technical patterns and deep-pocketed backing suggests a compelling trajectory ahead. BNB Price Eyes $1,500 as Cup-and-Handle Breakout Strengthens BNB price has been consolidating after the breakout from a cup-and-handle structure, with the current value sitting at $896. The Fibonacci extensions highlight $921 as the first immediate resistance, which, if cleared, opens the path to $1,118 and $1,316 in the coming weeks. Beyond these, a rally continuation could extend toward the $1,438 mark, with projections even stretching to the psychological barrier of $1,500. However, if buyers fail to defend the $798 zone, a deeper pullback toward $647 becomes likely, where stronger demand may re-emerge. Encouragingly, the Binance Coin price chart continues to print higher lows, reflecting underlying strength despite intermittent volatility. Sustained closes above $921 on the weekly timeframe would serve as a critical validation point for bulls, reinforcing the pathway toward higher Fibonacci targets. Moreover, the ascending trendline from mid-2023 has acted as a reliable support structure, and holding above it could further solidify the case for a long-term rally. Market behavior also suggests that institutional backing is fueling stronger hands, reducing the chances of sudden collapses at key support levels. Therefore, the long-term BNB price outlook remains favorable, with the $1,500 projection offering ambitious yet realistic potential as adoption widens. BNB/USDT 1-Day Chart (Source: TradingView) Franklin Templeton Alliance and Treasury Expansion Drive Growth The collaboration with Franklin Templeton has positioned BNB price as a key player in the convergence of traditional finance and blockchain. With Franklin Templeton managing $1.6 trillion in assets, the partnership brings unmatched credibility and institutional confidence. …
What's Your Reaction?
