BNB's price has remained in a consolidation phase, struggling to break out from the $660-$670 range. This price movement has led to a double top formation on its daily chart, indicating possible resistance.
Despite these challenges, some analysts are optimistic, predicting a breakout that could propel BNB to a target price of $1,000. This prediction comes amidst a broader market rally where BNB has shown lethargic price action.
The potential for BNB to reach $1,000 suggests significant upside for investors, given current market dynamics and analyst optimism.
