• Binance Coin eyes $3,000 target as bullish momentum builds, attracting strong attention from crypto investors worldwide.
• BNB holds a key $1,000 support level, with community optimism signaling potential for significant price growth.
• Analysts predict life-changing returns for determined BNB holders if the rally continues through the final quarter.

Binance Coin (BNB) continues to capture headlines with the rising excitement over its new developments. Investors are showing growing confidence as momentum builds around the project. Analysts remain optimistic that the coin’s rally could bring massive returns in the coming months.

At the time of writing, Binance Coin (BNB) is trading at $1,012. The coin’s 24-hour trading volume stands at $3.92 billion, and the market capitalization is $140.44 billion. Although BNB decreased by 1.24% within the last 24 hours, the coin is still commanding vast interest with increased momentum across the general crypto scene.

Binance Coin Momentum Signals Next Bull Phase

Market observers don’t seem to lose their optimism about the coin’s future. Renowned crypto analyst, Crypto Patel, noted that Binance Coin kept remarkably higher above the significant $1,000 threshold and termed this area a significant supporting area. He further reminded people that early this year’s entry holders already represented a five times return.

Looking ahead, Patel thinks that the rally could still be young. He projected ambitious numbers of $2,000 to $3,000 for BNB in this bear cycle, implying that the second leg of this rally could provide life-altering returns to determined holders.

The combination of solid resistance to prices and horizontal bullish hopes is keeping BNB under the radar. Now that the crypto market is headed into the final quarter of the year, everyone’s eyes are on whether BNB will continue its upward trend and achieve Patel’s forecasted destinations.

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Community Shows Strong Bullish Outlook

The recent sentiment of the community shows a definitive bullish trend, with 82% of voters voting bullish. Of the 160K total votes, the majority indicates heavy optimism in the direction of market growth. This indicates optimism and trust in a potential rise.

Conversely, just 18% of the community is bearish-leaning, with a lesser cautionary side. Regardless of this, however, the overall picture is very much taken over by bullish sentiment. Such overwhelming sentiment tends to power higher momentum within the market.

Also Read | Binance (BNB) Historical Price Trends: Which Month Has Delivered the Best Returns for Investors?