BNB Price Projection Charts $5,000 Path amid Multi-Year Bull Pattern
- BNB forms a 5-wave Elliott structure with the next phase targeting a $5,000 long-term bullish extension.
- Analyst identifies $1,894 as the current cycle target and $4,075 for the next bull expansion phase.
- Long-term support trends indicate market confidence in BNB’s sustained growth trajectory above $1,000 zone.
Binance Coin (BNB) could reach $5,000 as its long-term chart displays a continued uptrend supported by multiple bullish formations. The projection was shared by market analyst CryptoPatel, who described the setup as part of an expanding Elliott Wave structure. His chart analysis, posted on X, shows that the token remains within a long-term ascending channel supported by key trendlines extending from 2018.
The post noted, “If you survive the dips and HODL tight, history favors the patient,” suggesting a potential multi-year rally. According to the chart, BNB is currently positioned near its fourth wave support zone, which may lead to the fifth and final impulsive wave toward the $5,000 mark.
The analysis indicates that the current bull phase could see BNB targeting $1,894 before advancing toward $4,075 in the next expansion leg. The pattern follows historical support interactions where prior retracements have led to strong upward movements.
Chart Analysis: BNB’s Multi-Year Support Line Holds
The technical setup presented by CryptoPatel shows BNB maintaining a consistent rise above its long-term support line. The coin’s price pattern has respected this trend since mid-2019, acting as a foundation for each rally phase. The latest correction, shown as wave (4) in the analysis, remains within the green support zone, which is considered critical for sustaining the ongoing bullish structure.
A prior rally from 2020 to 2021 produced a gain of more than 727%, followed by consolidation before another 568% advance projected into the current cycle. These historical surges suggest the pattern could repeat if buying pressure increases.
Should BNB maintain support above $1,000, analysts believe momentum could build toward the $1,894 resistance range before attempting to surpass the $2,850 to $4,075 area in later stages.
Elliott Wave Structure Suggests Expanding Momentum
The chart’s Elliott Wave structure identifies five clear cycles of upward momentum, each representing phases of accumulation and breakout. The current setup suggests that wave (3) has completed and wave (4) is nearing exhaustion, which often precedes another strong upward impulse.
According to CryptoPatel, the continuation of this formation could mirror prior market cycles that produced exponential gains. The upcoming fifth wave, projected to peak around $5,000, would align with the final stage of the larger bullish framework.
This technical roadmap suggests that patient investors could witness a significant extension if the structure remains intact through 2026. However, interim pullbacks within the support zone are likely as part of natural market cycles.
Market Sentiment and Investor Outlook
The post gained strong engagement, drawing responses from traders debating the feasibility of the $5,000 target. While some commenters viewed the projection as overly optimistic, others pointed to BNB’s resilience during market corrections as evidence of structural strength.
Volume trends indicate sustained investor interest, particularly among long-term holders who have continued accumulating near $1,000 levels. The analyst’s repeated reference to “history favoring the patient” reflects a belief that BNB’s gradual appreciation aligns with previous multi-year trends.
The broader crypto market environment may influence timing, with Bitcoin’s halving and macro liquidity shifts likely shaping BNB’s trajectory. Traders monitoring the setup are watching for confirmation of the next breakout above $1,900, a move that could mark the start of the next impulsive phase.
